Nucor completed the acquisition of a 51% stake in California Steel Industries from Vale and JFE Steel for $400m.

Nucor, a manufacturer of steel, completed the acquisition of a 51% stake in California Steel Industries, a steel processing and finishing company, from Vale, a producer of iron, and JFE Steel, a steel manufacturer, for $400m. "We are excited to officially welcome our CSI teammates to the broader Nucor family. This joint venture gives us a strong presence in the Western region and grows our ability to produce an even wider range of value-added sheet products for our modern economy," Rex Query, Nucor Executive Vice President.