Kinder Morgan signs new agreement with Nucor

Kinder Morgan Inc. (KMI), an energy infrastructure company headquartered in Houston, has entered into a new 10-year agreement with the steel company Nucor Corp., Charlotte, North Carolina, to provide in-plant services for Nucor’s facilities in Decatur, Alabama; Hertford, North Carolina; Berkeley, South Carolina; and two facilities at Blytheville, Arkansas. The five facilities produce about 13.4 million tons of steel products per year.

Under terms of the agreement, KMI will handle about 14.8 million tons of ferrous scrap, direct-reduced iron (DRI), pig iron and other feedstocks each year. The company also will provide other ancillary services to Nucor. The value of the agreement is about $900 million.

“Nucor is one of our largest customers in our Terminals division. This new agreement ensures that KMI will continue to provide handling, processing, warehousing and marine services to Nucor, the largest recycler and steel producer in North America,” says KMI Terminals President John Schlosser. “These facilities provide Nucor and other customers access to our growing national network of marine and rail terminals. This agreement also reconfirms KMI’s commitment to growing our terminals business.”