Please go ahead. And thats how were thinking about it as we move forward and the types of businesses Chad will be responsible for in the Expand Beyond category. Before we get to our second quarter results, I want to highlight some changes weve made to our executive leadership team. As youre also aware, we closed on C.H.I. In his past career he held the position of General Manager at Nucor-Yamato Steel Co., General Manager for Nucor Steel Kankakee, Inc., Manager-Melting & Casting at Nucor Steel-South Carolina and Project Engineer at Nucor Steel Berkeley. Thanks, Curt. Information on this page was last updated on 2/3/2023. $4 million awarded to support early childhood education. As we announced in May, MaryEmily Slate retired on June 11th. Leon J. Topalian: CEO Pay $11,618,019: Median Employee Pay $142,635: CEO Pay Ratio 81:1: Board of Directors in NUCOR CORP. For its 2021 fiscal year, NUCOR CORP, listed the following board members on its annual proxy statement to the SEC. Click here to see the complete history of Leon J Topalians form 4 insider trades. Any color would be helpful. And in some of our businesses, our backlogs are still at record levels. Leon Topalian best website builder Nucor has introduced Elcyon, the company's new sustainable heavy gauge steel plate product made specifically to meet the growing demands of America's . 4 insider transaction in Nucor Corp (NUE) with a net As Leon mentioned, this years second quarter was the best quarterly financial performance in our companys history. Get up-to-the-minute news sent straight to your device. Nucor facilities in Alabama produce steel, tubular products, joists and decking and metal buildings, with locations in Birmingham, Tuscaloosa, Fort Payne, Eufaula and Decatur. Leon joined Nucor in 1996 as a project engineer at Nucor Steel - Berkeley in Huger, South Carolina and was promoted to Cold Mill Production Supervisor in 1998. As Leon said, Curt, Id just echo on the structural side, Ill start there first. Offsetting some of the benefits of the stronger metal margins we have been realizing over the past several quarters are some cost pressures from higher electricity and natural gas pricing. And well be ramping up here third quarter. Doug? . When the Topalians arrived for their tour of the Neonatal Intensive Care Unit (NICU), the entire staff had been debriefed on their situation. John J. Ferriola retired at the end of 2019, and was succeeded by longtime Nucor executive Topalian as CEO and president from January 2020. But its certainly not without looking as well as some of the headwinds that are coming from an economy standpoint in the marketplace of interest rates and inflation. The new plant will be located adjacent to the Nucor Steel Decatur sheet steel mill. Yes. And while thats the forecast and its easy to say that, I truly believe that. Remember to Order Ahead (681)-265-9368 CALL IN ORDERS. Leon J. Topalian Chair, President and Chief Executive Officer + Stephen D. Laxton Chief Financial Officer, Treasurer and Executive Vice President + David A. Sumoski Chief Operating Officer + Al Behr Executive Vice President Plate and Structural Products + Noah Hanners Executive Vice President Raw Materials + John Hollatz Executive Vice President [Operator Instructions] And well first hear from Curt Woodworth of Credit Suisse. And Al, I wont steal all your thunder, but we couldnt be more excited about the shift and whats moving in plate. We look forward to working with them to make sure this venture is successful, said Long. They sold a total of 106,839 shares worth more than $14,127,779.65. The ITC is conducting several more five-year sunset reviews this year off key trade orders on flat-rolled products. Great. Nucor Corp (NUE)'s detailed insider trading history can be found in Insider Trading Tracker table. Over the past 18 months, Yes. Yes. 6:10 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. But that is an incredible construction solution piece. Salary: $1,000,000: Bonus: $0: Value of Stock Awards: $3,939,943: Value of Option Awards: $1,750,000: Non-Equity Incentive Plan Compensation: $4,000,000: Change in . This segment also engages in the piling distribution business. It is a true vote of confidence in our community when an existing business decides to further expand its operations here. The Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. Ill speak first -- well speak about the first half of the year. Other recent insider transactions involving Nucor Corp (NUE) include Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7CpodcastConnect with CNBC News OnlineGet the latest news: http://www.cnbc.com/Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC News on Twitter: https://cnb.cx/FollowCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBChttps://www.cnbc.com/select/best-credit-cards/#CNBC#CNBCTV So, now that the outage is complete, equipment is installed, our run rate will ramp up, and were putting the equipment through its paces. Nucor is North America's largest recycler. 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. And how deep is your pipeline of potential targets right now? This will be the cleanest offshore-powered steel that exists in the world, and we stand in a perfect position to serve that market. Were already expanded -- have expanded our slab with beyond original capabilities. Now, the other piece of that, when we look at Nucor buildings group, the Nucor buildings group does roughly about 10,000 buildings annually, just our Nucor buildings group. today. And then, Steve, if you would, on the CapEx? Over his 23-year Nucor career, he has served in our Joist and Deck, Building Systems and Flat-rolled businesses. And so, again, there are some things I think that will begin to loosen up and break loose in the back half of this year and well into 23 that will help in addition to the infrastructure, like getting a bit more caught off on the chips and as Al mentioned, the offshore wind. The corporate mailing address for Mr. Topalian and other Nucor executives is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. Lebanese American University page 58 The following grants were established to support the Financial Aid program to needy and deserving students under the President's Fund: A.M. Qattan Foundation President's Fund Ali A. Tamimi Co. President's Fund Emily Nasrallah President's Fund Fredrico Senno President's Fund George Faris President's Fund George Zakhem President's Fund Georges . And so, Ill give you that same outlook from what we said today. Mr. Topalian owns 126,809 shares of Nucor stock worth more than $21,651,369 as of March 1st. And were not done. Mr. Kearney was also director of Polypore International, Inc. from 2012 to 2015. And again, well have the capability. We had some outages with Gallatin as we were installing this equipment. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. So, our opportunity really isnt to move or look for other large garage door companies. So again, thank you, Chad. Nucor is, https://www.prnewswire.com/news-releases/nucor-announces-leon-j-topalian-as-chair-of-the-board-of-directors-names-christopher-j-kearney-lead-independent-director-301625534.html, UPDATE 1-London Stock Exchange Group posts steady 2022 earnings, eyes buyback on Blackstone/TR stake, S.Africa's MultiChoice and Comcast to create Africa-wide streaming service, UPDATE 1-Metro Bank flags limited growth in 2023 net interest margin, Metro Bank flags limited growth in 2023 net interest margin, London Stock Exchange Group posts steady 2022 earnings, eyes buyback on Blackstone/TR stake. Later, we will conduct a question-and-answer session and instructions will be given at that time. 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. As Leon mentioned, we have multiple businesses from joist and deck, rebar fab, steel piling, racking, tubing, insulated panel, grading. But yes, we are seeing, again, stable demand and growing in some cases. In May, we felt it was prudent to enhance liquidity and raised $500 million of senior notes with a three-year maturity and a coupon of 3.95% and $500 million of senior notes with five-year maturity and a coupon of 4.3%. The forward-looking statements made in this conference call speak only as of this date, and Nucor does not assume any obligation to update them, either as a result of new information, future events or otherwise. Our local economic development office along with its numerous partners continue to work hard to bring new industries and quality jobs to Decatur. The total. sale He died Wednesday. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. But most all of our downstream businesses have current backlog levels that are 30% to 50% higher than the average backlog we had in that 2015 to 2019 period to the pandemic. These state-of-the-art features will increase Nucor Towers & Structures capabilities to provide engineered solutions for utility infrastructure and construction projects. Sign up for our newsletter to keep reading. Our July 12, 1972, news release announcing the listing gave our firms business description as "The nations largest producer of steel joists." Youre asking about pig iron. a net They serve growing markets and leverage Nucors core manufacturing capabilities and our safety and team-focused, incentive-driven, entrepreneurial culture. Most of the increase was in sheet and plate as we were able to take advantage of what we consider to be strong demand, leading to attractive pricing in those markets. Immatriculation. Nucor CEO Leon Topalian says the American steel industry can handle any increased demand rising from passage of an infrastructure bill in Congress. Quick summary, all our primary steelmaking equipment has been purchased. 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. Our metal margins decreased by about 5% from the first quarters $941 per ton to a still robust $895 per ton. Prior to that time, he held various leadership positions at Nucor,. These . Other transactions such as conversion of derivative security or exercise of options are not included. (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. Based on ownership reports from SEC filings, as the reporting owner, Leon J Topalian owns 1 companies in total, including 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. This investment project is a win for Nucor, Decatur and all of Alabama.. sale The Steel Mills segment consists of carbon and alloy steel in sheet, bars, structural and plate, steel trading businesses, rebar distribution businesses, and Nucor's equity method investments. Learn More about insider trades at Nucor. The company's Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. This is a prime example of that work., Provided by the Office of the Governor of Alabama | governor.alabama.gov. How do you see margins? 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. "I feel very privileged to take on this role at Nucor and thank the Board for its confidence in me," Topalian said. 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. I wanted to ask two questions. Between this past December and this year-end, we expect to have completed three major organic growth projects that will substantially enhance the competitive position of our steel mills segment. acquisition, look, in our minds, we acquired the very best company out there in that space, period, bar none. Leon J Topalian made Were proud of them already. The girls were sent home on apnea monitors to alert the family if they stopped breathing. Soon enough Kim had reached her second goal: 32 weeks. Congress must get this important bipartisan priority across the finish line. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. With regard to plate, I would say weve made several changes on how we market that product, how we take it to market, how we price it and how we lowered our order books. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot, ; and processes ferrous and nonferrous scrap. Our joist and deck business continued to be the largest contributor to the segments performance. as Pres, Chief Executive Officer & Director in Nucor Corporation. "Nucor CEO to retire, and his successor comes from inside the steel company", https://en.wikipedia.org/w/index.php?title=Leon_Topalian&oldid=1055515771, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 16 November 2021, at 09:04. ICYMI: Leon Topalian, Nucor Corporation CEO and Chairman of AISI discussed WTO's ruling against U.S. steel tariffs on CNBC's Mad Money: Mihai Pirlog Jerry Inzerillo, GCEO at #DGDA, came forward to congratulate and honor the sales center team that completed their training program in the history Is this happening to you frequently? Thank you for your hard work and dedication and commitment to delivering exceptional customer service. Charlotte, North Carolina-based Nucor established the new business unit after its 2022 acquisition of Summit Utility Structures LLC and Sovereign Steel Manufacturing LLC, which produces metal poles and other steel structures for utility infrastructure and highway signage. 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