Nuconsteel to Close by Spring
Nuconsteel has operations in Denton, Texas, and Dallas, Ga. In November 2001, Nucor entered into the residential and commercial light gauge steel framing business by acquiring Itec Steel Inc. which was named Nuconsteel afterwards.
“This decision was a very difficult one due to the impact it has on our employees at Nuconsteel,” said Dan DiMicco, Nucor’s chairman and CEO. “We continually evaluate our business segments for long-term strategic fit and earnings potential. The fabrication of residential and commercial light gauge steel framing does not offer the returns or scale necessary for Nucor to remain in the business.”
“The Nuconsteel team is a group of hard working and dedicated individuals. We very much appreciate the persistent and significant efforts of those teammates over the years and, where possible, we will encourage those employees to seek other opportunities within Nucor,” said Hamilton Lott, executive vice president of Fabricated Construction Products.