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February 2007

Nucor Corporation starts production of DRI facility in Trinidad

Nucor Corporation announced that the heat up of the direct reduced iron (DRI) facility, Nu-Iron Unlimited, commenced in December, 2006, followed by the start-up of DRI production. This DRI facility is located in Point Lisas, Trinidad.

In the second week of production, the Nu-Iron team completed a 5-day performance test surpassing an average production of 220 tons per hour, achieving excellent metallization and producing DRI containing more than 2% carbon.

In September 2004, Nucor acquired the Louisiana assets of American Iron Reduction (AIR), a 1.4-million-tons-per-year DRI plant utilizing MIDREX® MEGAMOD technology. Nucor relocated the assets to Point Lisas, Trinidad, in 2005 and increased the capacity to 2.0 million tons per year.

The Trinidad site benefits from a low cost supply of natural gas and favorable logistics for receipt of Brazilian iron ore and shipment of DRI to the United States.

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