Nucor Acquires American Compressed Steel

Nucor Corporation, a manufacturer of steel products based in Charlotte, N.C., has announced that its wholly owned subsidiary, The David J. Joseph Company (DJJ), has completed the acquisition of substantially all the assets of the American Compressed Steel operations of Secondary Resources, Inc.

American Compressed Steel is based in Kansas City, Mo., and operates other facilities in the state in St. Joseph and Sedalia. DJJ will operate the American Compressed Steel facilities under the Advantage Metals Recycling, LLC name.

This acquisition represents another step in Nucor's previously announced plan to utilize DJJ as a platform for continued growth in the scrap processing industry. Since DJJ joined the Nucor Family in March 2008, they have added approximately 1 million tons of scrap processing and 23 locations through four acquisitions.