Nucor to form jv with Ambassador Steel Corp
According to the statement released by
Nucor Corp, the company has signed an agreement with Ambassador Steel Corp to form a joint venture
rebar mill called Nufab
Rebar LLC.
Nucor is the largest producer of
rebar in the US and Ambassador Steel is the largest independent
rebar fabricator in the US. This joint venture will provide
Nucor the opportunity to expand its
rebar business.
As previously reported by SteelOrbis,
Nucor Corp and Harris Steel formed a
rebar joint venture in the US last year. With these joint ventures,
Nucor will expand its
rebar business significantly.