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The board of directors of Nucor Corporation declared the regular quarterly cash dividend of $0.3775 per share on Nucor’s common stock. This cash dividend is payable on November 9, 2017 to stockholders of record on September 29, 2017, and is Nucor’s 178th consecutive quarterly cash dividend.

Published in the October 2017 Edition of American Recycler News

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 3,472,000 net tons (NT) of steel in July 2017, including 2,868,000 net tons (NT) of finished steel (down 11.5 percent and 4.0 percent, respectively, vs. June final data). Year-to-date (YTD) through seven months of 2017, total and finished steel imports are 23,168,000 and 17,938,000 net tons (NT), up 22.1 percent and 17.3 percent, respectively, vs. the same period in 2016.

The Institute of Scrap Recycling Industries (ISRI) board of directors approved additional guidance regarding ISRI’s nonferrous specifications during its Summer Meeting on July 20.

Metallix Refining, Inc, a leader and innovator in the precious metals recycling industry for nearly five decades, announced the promotion of Maria Piastre to president, effective immediately.

Nucor Corporation has agreed to acquire St. Louis Cold Drawn, Inc., a manufacturer of cold drawn rounds, hexagons, squares, and special sections that mainly serve the U.S. and Mexican automotive and industrial markets.