Nucor's board named Leon Topalian, 51, president and chief operating officer effective Thursday. . So, if you look at the group -- if you took the first half of the year, we were running at a utilization above the 80% mark as a group. Leon and Kim Topalian were raising two tweens when they felt a calling to foster two more children. Gurus may be added or dropped from the GuruFocus site at any time. Oh, Im sorry. He also serves as a director of Otis Worldwide Corporation (having previously served as Executive Chairman of the Otis board of directors from 2020 to 2022) and served as a director of UTC from 2018 to 2020, prior to the spin-off of Otis from UTC. And in some of our businesses, our backlogs are still at record levels. Yes. Is it prices offsetting -- sorry, the volumes offsetting prices, the other way around? It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. , . By fourth quarter, we expect to be at nameplate capacity. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. It sounds like the C.H.I. But as Chad mentioned, and I think its an incredibly important part, our industry is shifted and it shifted substantially through reconciliations, through consolidation and through trade. So, we see a little bit probably leveling of pig prices through the third quarter declining into the fourth quarter. But again, the consumptive side, really, really strong. Other key executives at Nucor Corp include Were seeing some -- again, the word resiliency is the right word across the nonres construction businesses and you know well now in Nucor that 50% of our overall mix is into the construction sector. Were proud of them already. Also during the second quarter, we completed our purchase of C.H.I. While those are real, the driving demand factors in our businesses, for the most part, remain very healthy. The expansion will add about 1.4 million. 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. Thank you for your interest in our company. That -- the new equipment, were capable of 73.5 inches. Great. And in fact, their performance in the quarter was stronger financially than the entire year of 2021. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-02-02. We look forward to working with them to make sure this venture is successful, said Long. $37,370,000 in Nucor Corporation Alabama offers world-class companies like Nucor all the advantages they need to find success, including a skilled workforce, a pro-business environment and a solid support system, said Governor Ivey. Last updated: 22 February 2023 at 10:21am EST. We appreciate the support we have received from the state and local officials in Alabama, including Governor Kay Ivey, Alabama Department of Commerce, State of Alabama State Industrial Development Authority, Morgan County Economic Development Association, Morgan County Economic Development Cooperative District, Morgan County, Decatur Industrial Development Board, City of Decatur, Decatur-Morgan County Chamber of Commerce, Hartselle Chamber of Commerce, and the Tennessee Valley Authority, said Laurent De Mey, General Manager of Nucor Towers & Structures. Fundamental company data provided by Morningstar, updated daily. Have a great day. Nucor facilities in Alabama produce steel, tubular products, joists and decking and metal buildings, with locations in Birmingham, Tuscaloosa, Fort Payne, Eufaula and Decatur. But why dont you just touch on that a little bit and share where were at with Brandenburg as well. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. "This is a critical time for the American steel industry," Topalian says. So, were doing a full thickness slab now in a new slab, 130-millimeter. stock. Absolutely. And the other was to ask about follow-up to the garage door acquisition. So thanks for the question. Both Ray Long, chairman of the Morgan County Commission, and Decatur Mayor Tab Bowling said they are excited by the job opportunities being created by Nucors investment project. He appears on "Balance of Power." Watch or read the transcript below. And you asked about 2023. Overall, our steel products segment continues to benefit from strong nonresidential construction demand. With her new goal in distant sight, Kim settled into her room on the Antepartum Unit for the next 53 days. and Nucor Corporation. It has been an honor to work with him in his role as Non-Executive Chairman these past few years, and I have benefitted from his experience and perspective. and Details can be seen in Leon J Topalian's Latest Holdings Summary section. Leon J Topalian is the Chair, President and CEO of Nucor Corp and owns about 128,107 shares of Nucor Corp (NUE) stock worth over $22 Million . 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And perhaps what are the categories that are taking some of the early wins there? And its held quite strong. He served as Executive Vice President of Beam and Plate Products from 2017 to 2019. 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.. Executive Vice President Noah C Hanners That makes sense. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. After 29 years of research in cancer immunotherapy, Dr. Suzanne Topalian has been acknowledged as one of "Ten People Who Mattered This Year" in the December 2014 issue of Nature for her pioneering research on programmed cell death protein-1 (PD-1) inhibitors. Learn More on Leon J. Topalian's contact information. Our energy cost per ton of steel produced was up approximately 50% year-over-year. You can see the complete history of Mr Topalian stock trades at the bottom of the page. Leon Topalian is CEO of Nucor Corp. And what we saw President Biden recently announced an executive orders yesterday, that will continue to position Nucor well, will position Nucors plate group and particularly Brandenburg, and an incredible value-add opportunity for our customers. And how do you see working capital evolving in the coming quarters? Next, well hear from Michael Leshock of KeyBanc Capital Markets. And then, if I may squeeze another one. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. (Chicago, IL) - The American Institute of Steel Construction (AISC) is pleased to announce the appointment of two new members to its Board of Directors: Leon Topalian, executive vice president of Nucor Corporation; and Glenn R. Tabolt, PE, president of STS Steel, Inc., Schenectady, N.Y. While we recognize there is considerable economic uncertainty right now, demand appears stable and resilient across our key end-use markets. So very excited, very proud of that team. sale What can you expect going forward, even out past third quarter and into the future? North Kingstown, Rhode Island, United States Food Server Carrabba's Italian Grill Apr 2018 - Jan 20212 years 10 months Warwick, Rhode Island, United States Education Endicott College Bachelor's. Nucor CEO Leon Topalian on Q3 earnings and the company's outlook 2,450 views Oct 21, 2021 Leon Topalian, Nucor president and CEO, joins 'Squawk on the Street' to discuss Nucor's Q3 earnings. Nucors tremendous growth in profitability and market value over the past five decades has been fueled by our decision back then to expand upstream into steelmaking. The corporate mailing address for Mr. Topalian and other Nucor executives is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. The most recent insider tranaction occured on February, 3rd when EVP Kenneth Rex Query sold 1,962 shares worth more than $349,216.38. of the AISC Code is a complete 4 True or False: Steel used as piling schedule in the bid documents is not. But, were not seeing any real movement in terms of material orders. So, you should expect good results from businesses like our insulated metal panel business as we grow that and as we drive efficiencies through that. Strike.Market does not provide financial advice or recommendations. Our capital allocation priorities remain unchanged. All Rights Reserved. Cornerstone and the insulated metal panel building business is doing that. And thinking about the longer term, with balance sheet strength and product diversity that is unparalleled in our industry, coupled with our highly variable and adaptive business model, we remain confident that Nucor is well positioned to deliver on our commitments to our team, our customers and our shareholders over time. Section 2.2 as "other steel, iron, or. Nucor is, Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Nucor Provides One-Year Update on New West Virginia Sheet Mill, Nucor to Build New Transmission Tower Production Plant in Alabama. Again, fabricators are a big part of that plate business. We are not atrading platform and do not offer tobuy stock or sell any security. Rex, do you want to touch on the Gallatin question? We are so excited to welcome our new team members into the Nucor family. During that time, we have led the transformation of the domestic steel industry, and we are the envy of the world in terms of Nucors environmental footprint, safety performance and efficiency as well as profitability. On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. You might contact Leon J Topalian via mailing address: 1915 Rexford Road, Charlotte Nc 28211. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. "These changes reflect the thoughtful, planned transition of leadership at Nucor.". So I do want to state that, and well gauge that by the demand in the marketplace. Topalian attributes. Mr. Topalian was named President and Chief Executive Officer effective January 1, 2020. And as a result of that, we see a stable input cost to DRI with a still elevated pig price or transfer price into the third quarter and then dropping pretty significantly into the fourth quarter. So just wondering if you have any updated comments there. Topalian takes over the role from John Brett, CEO of ArcelorMittal North America, who has chaired AISI since March 2020. Other recent insider transactions involving Nucor Corp (NUE) include Turning to policy issues. 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. Mr. Topalian has been President and Chief Executive Officer of Nucor and a member of its Board of Directors since 2020. and John H. Walker, a member of the Board since 2008 and most recently its Non-Executive Chairman, will continue to serve as a Board member. Thanks for the questions, Seth. So were beyond 68 inches now. side will be mostly organic growth from here. I became great friends with the girls on the fourth floor; they are phenomenal, Kim said, especially as the days got harder toward the end.. Get up-to-the-minute news sent straight to your device. We welcome John to the executive team. Mr. Leon J. Topalian is 55 years old, born in 1968. sale Congress must get this important bipartisan priority across the finish line. Leon J Topalian owns 128,107 shares of Nucor Corp (NUE) as of December 20, 2022, with a value of $22 Million. team and welcoming them to the Nucor family and what theyre doing in that business segment. So, its 60% higher than what we did in 2018. Its in supply chain and some of those constraints. 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