Storage Dome Collapse At Nucor Steel Louisiana

                Storage Dome Collapse At Nucor Steel Louisiana

PR Newswire

CHARLOTTE, N.C., Sept. 26, 2013

CHARLOTTE, N.C., Sept. 26, 2013 /PRNewswire/ --Nucor Corporation (NYSE: NUE)
announced that yesterday afternoon a storage dome collapsed at Nucor Steel
Louisiana in St. James Parish. There were no injuries and no environmental
impact. Nucor Steel Louisiana is finishing construction of its new Direct
Reduced Iron (DRI) plant on the site and had planned to begin production
within a few weeks. Based on our preliminary assessment, we are currently
forecasting the start-up of operations will now be delayed until the end of
the year.

Direct reduced iron is one of the raw materials used in steelmaking and is
produced by using natural gas to convert iron ore pellets into DRI. The iron
ore pellets are stored in domes. The collapsed storage dome was one of three
on the site. Once in full operation, the DRI plant is anticipated to produce
2.5 million tons of DRI per year, making it the largest DRI plant in the world
and the first one operating in the U.S. in several years. Construction and
hot commissioning of the plant are continuing during the incident
investigation and damage assessment.

The DRI project is a $750 million project. Nucor Steel Louisiana has hired
140 people to work at the plant with a planned hiring goal of 150.
Construction of the plant has been underway for two years and has employed
more than 600 construction workers during that time.

Nucor and affiliates are manufacturers of steel products, with operating
facilities primarily in the U.S. and Canada. Products produced include: carbon
and alloy steel -- in bars, beams, sheet and plate; steel piling; steeljoists
and joist girders; steel deck; fabricated concrete reinforcing steel; cold
finished steel; steel fasteners; metal building systems; steel grating and
expanded metal; and wire and wire mesh. Nucor, through The David J. Joseph
Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI;
supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is
North America's largest recycler.

Certain statements made in this news release are forward-looking statements
that involve risks and uncertainties. The words "expect", "believe", "would"
and similar expressions are intended to identify those forward-looking
statements. These forward-looking statements reflect our best judgment based
on current information, and although we base these statements on circumstances
that we believe to be reasonable when made, there can be no assurance that
future events or information will not materially affect the accuracy of such

SOURCE Nucor Corporation

Contact: Nucor Executive Offices, +1-704-366-7000, or fax, +1-704-362-4208
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