Nucor plans to close Nuconsteel

Nucor Corporation revealed that it will exit the business of fabricating light gauge steel framing and therefore will close its Nuconsteel division. Nucor entered the residential and commercial light gauge steel framing business in November 2001 with the acquisition of Itec Steel, Inc., which then became Nuconsteel. Nucor expects to close the facilities this spring, after meeting current customer contractual obligations.