While this is a positive development, unfairly traded imports remain a concern for our industry. CHARLOTTE, N.C., Feb. 22, 2023 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that the Company's Towers & Structures business unit will build a new state-of-the-art transmission tower production plant in Decatur, Alabama.The new plant will be located adjacent to the Nucor Steel Decatur sheet steel mill and will be the first of two new tower production plants the Company plans to . Stock quotes provided by InterActive Data. Leon J. Topalian is President, Chief Executive Officer & Director at Nucor Corp. In the -- soon coming on line of our plate mill in Brandenburg. he still owns at least 126,809 units of NUE stock. Several of our recently completed organic growth projects in our core steelmaking businesses are already contributing to our record first half profitability, and there is more to come as additional projects ramp up production or come on line. The expansion will add about 1.4 million. Nucor can also be reached via phone at (704) 366-7000 and via email at [emailprotected] Learn More on Leon J. Topalian's contact information. Since entering the steel business, we have focused on growing long-term earnings power and shareholder value. Nucor Corporation was incorporated in 1958 and is based in Charlotte, North Carolina. We also remain committed to our regular quarterly dividend, something Nucor has paid and grown consistently over the last half century. Before we get to our second quarter results, I want to highlight some changes weve made to our executive leadership team. Its delivering uncompromising results in every area of our business and doing that while maintaining the safety, health and wellbeing of our team. Strong financial results were recorded by a number of our businesses, including bar, plate, sheet, structural, joist, deck, buildings, tubular and our raw material operations. And congrats on the exceptional quarter. You can help Wikipedia by expanding it. Turning to the outlook for the third quarter of 2022. Prices in the steel segment have softened due to import pressures coupled with overall commodity pricing declines globally. Some of the changes in the energy commodity pricing seen in the marketplace overall over the past year were mitigated by Nucors fiscal and financial hedges that we had in place. And most of that 60% is concentrated sort of that mid-USA levels. The most recent stock trade was executed by Gregory J Murphy on 26 October 2022, trading 3,000 units of NUE stock currently worth $411,870. Twins Isabella and Sophia Topalian of Florence recently celebrated their second birthday and have a lot to be happy about. of 171,494 shares. I wanted to ask two questions. Mr. Leon J. Topalian salary is $5,950,000 per year CELEBRATING 73 YEARS 1948-2021 The official publication of the San Francisco Region of the Sports Car Club Of America Fresno Solo p. 6 Regionals 1 & 2 p. 8 SFR Solo II p. 24 Drivers School p. 28 VOL. We expect these investments to generate at least $370 million of combined annual EBITDA, once fully ramped up at mid-cycle performance and considerably more in robust market conditions, like the ones were seeing now. Mr. Kearney has served in various positions at SPX FLOW, Inc. (a spin-off of SPX Corporation) from 2015 to 2017 (including as Non-Executive Chairman of its board of directors and as Chairman, President and Chief Executive Officer) and SPX Corporation from 1997 to 2015 (including as its Chairman, President and Chief Executive Officer, Vice President, Secretary and General Counsel and as a member of the board). But that is an incredible construction solution piece. Over the last 20 years, insiders at Nucor have traded over $66,136,542 worth of Nucor stock and bought 9,050 units worth $401,135 from 8 AM - 9 PM ET. So, you have an opportunity -- or we have an opportunity to really grow that business with what we have today. And Ill let you take a best guess at that. You asked about capital for the remainder of the year. But I want to remind you how strong those highs were. Has Leon J. Topalian been buying or selling shares of Nucor? As Leon said, Curt, Id just echo on the structural side, Ill start there first. The ITC is conducting several more five-year sunset reviews this year off key trade orders on flat-rolled products. Thanks, Leon. And Q2, we saw much of the same. The company's Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products. Mr. Leon J. Topalian is 55 years old, born in 1968. Over the years, weve developed a strong partnership with Nucor, and I look forward to seeing our relationship expand with this new venture.. It serves agriculture, automotive, construction, energy and transmission, oil and gas, heavy equipment, infrastructure, and transportation industries through its in-house sales force; and internal distribution and trading companies. And were excited about the rest of this year and were excited, frankly, about 2023. Yes. The most active insiders traders include Gregory Hayes, Joseph D Rupp, and Patrick Dempsey. Monoamniotic twins, also called MoMo or mono mono twins, share an amniotic sack. This is a great company with a great reputation for working with us to make Morgan County a better place to live. And assuming demand allows, should we be seeing that 1.4, half of that flow through fully in the second half of the year? Halfway through the year, we are on pace to have our new safest year in history, which is coming off back to back to back record safety years. Maybe just exploring a little bit more the outlook for the steel product business. Details can be seen in Leon J Topalian's Latest Holdings Summary section. Nucor executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in, . The positions, which have an average annual compensation of $75,000, will be filled over a four-year period. , The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Leon J Topalian currently owns a total of 1 The company also produces direct reduced iron for use in its steel mills. We have a lot of room to grow. This became Kims goal. Prior to that time, he held various leadership positions at Nucor,. However, for some context, energy costs still represent approximately 6% of our overall cost per ton. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Mr. Kearney founded Eagle Marsh Holdings, LLC in 2016 and has served as its managing partner since inception. The Nucor team wishes the very best for you, MaryEmily and your family, and you will always be a tremendously valued member of the Nucor family. Once in the hospital, the couple and Kims physicians decided that they would deliver by caesarean section if she made it to 32 weeks. Thanks. Weve awarded our significant portions of civil and concrete work. Leon J Topalian made As part of this reorganization, Chad Utermark has been appointed to the newly created role of Executive Vice President of New Markets and Innovation. First question is just with respect to the plate and structural markets. We look forward to working with them to make sure this venture is successful, said Long. And then secondly, from the raw materials side, I think your guidance includes higher DRI price realizations in Q3. Im going -- sorry, Curt, was talking about West Virginia, which Ill hold that for a moment and share that here perhaps a little later to the question or a follow-up. Leon J Topalian, Nucor Corp: Profile and Biography - Bloomberg Markets Bloomberg the Company & Its Products Bloomberg Connecting decision makers to a dynamic network of information,. Nucor is North America's largest recycler. Mr. Leon J. Topalian has made 14 insider trades between 2017-2022, according to the Form 4 filled with the SEC.Most recently he sold 200 units of NUE stock worth $26,947 on 20 Dec 2022.. Ill ask Doug Jellison, our EVP of Raw Materials and Logistics, really to provide some background in how that flow-through impact of the DRI pricing into the mills works and explain that in a little more detail. As a reminder, todays call is being recorded. Hannibal Industries is in doing that. Yes. I look forward to working closely with Chris and the rest of Board to continue to build on Nucor's success.". And were really pleased with what that has brought to the market in terms of a rationality of pricing and much less volatility in the pricing and -- but supply and demand still governs the price of that, and we publish a price, but the market determines what it really is. Hey Carlos, how are you doing? John Hollatz was promoted to Executive Vice President of Bar, Engineered Bar and Rebar Fabrication. Our raw materials segment outperformed first quarter results on the back of increasing selling prices for DRI and scrap. In addition, he makes $5,953,180 as Pres and CEO & Director at Nucor. Nucor facilities in Alabama produce steel, tubular products, joists and decking and metal buildings, with locations in Birmingham, Tuscaloosa, Fort Payne, Eufaula and Decatur. You probably know better than we do. Before I turn it over to Steve, I want to congratulate our 31,000 Nucor team members for a fantastic first half of the year. Yes. of 10,962 shares made by Kenneth Rex Query 3,000 shares on December 20, 2022, which There are 1 executives at Nucor getting paid more, with JamesFrias having the highest compensation of $6,145,810. Our metal margins decreased by about 5% from the first quarters $941 per ton to a still robust $895 per ton. And how do you see working capital evolving in the coming quarters? We are very excited to be building this new tower production plant in Alabama, where Nucor has a long history and presence throughout the state, said Leon Topalian, Chair, President and CEO of Nucor Corp. As Americas most diverse industrial manufacturer of steel products, we will be able to efficiently supply this new plant, helping to ensure that our nations critical energy and digital infrastructure is built with the cleanest, most sustainable steel in the world.. And were incredibly proud of our team and achieving an incredible quarter, an incredible first half of the year at over $17 per diluted share. 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