Steel Technologies Inc.

Description

Steel Technologies will serve as the foundation for the newly established NuMit, and will remain as an independent operating unit with the current management team maintaining responsibility for the company’s performance. Steel Technologies will maintain its independent platform to best serve its customers with the most efficient supply chain. This independence will allow Steel Technologies to continue providing unsurpassed service, quality, logistics and value to the North American market place.

Steel Technologies to Expand Operations in Mexico LOUISVILLE, Ky.--(BUSINESS WIRE)--Aug 09, 2011--LOUISVILLE, Ky. (August 9, 2011) – Steel Technologies LLC (Steel Technologies) today announced that the Pesqueria Municipality has authorized for industrial use the Company's previously announced Greenfield site for its new flat-rolled steel processing and pickling operation in Monterrey. Construction will begin immediately, and the new plant is expected to be fully operational by the end of 2012.

Steel Technologies, headquartered in Louisville, Kentucky, is one of the leading steel processors in North America and leverages its broad geographic network of operations to deliver value-added products and services to customers. Steel Technologies processes flat-rolled steel to specific thickness, width, temper, finish and shape requirements for the automotive, appliance, lawn and garden, agriculture, construction, office furniture, hardware and consumer goods industries.

Steel Technologies, headquartered in Louisville, Kentucky, is one of the leading steel processors in North America and leverages its broad geographic network of operations to deliver value-added products and services to customers. Steel Technologies is owned as a 50-50 joint venture between Nucor Corporation, one of North America’s leading manufacturer of steel and steel products, and Mitsui & Co. (U.S.A.), Inc., a wholly owned subsidiary of Mitsui & Co., Ltd., a diversified global investment and service enterprise based in Tokyo, Japan.

Founded in 1971 our first plant was located in Eminence, Kentucky and is still a core manufacturing location today. Steel Technologies successfully completed an IPO in 1985 and was traded on the NASDAQ stock market. In 2007 Steel Technologies merged with Mitsui & Co (U.S.A.), Inc., a wholly owned subsidiary of Mitsui & Co., LTD. In 2010 Mitsui formed the new joint venture with Nucor Corporation named “NuMit”, which now owns 100% of Steel Technologies.

Fact sheet

Company contacts

Companies nearby