Houston Company Announces $900M Agreement with Nucor

Energy infrastructure company Kinder Morgan Inc. of Houston announced on Tuesday a new, $900 million 10-year agreement with Nucor Corp. to provide in-plant services for two Nucor facilities in Blytheville and three others in in Alabama, North Carolina and South Carolina.

The five Nucor plants produce about 13.4 million tons of steel products each year, according to a news release.

KMI says it will be handling about 14.8 million tons of scrap steel, direct-reduced iron, pig iron and other feedstocks each year. It will also provie other ancillary services.

“Nucor is one of our largest customers in our Terminals division. This new agreement ensures that KMI will continue to provide handling, processing, warehousing and marine services to Nucor, the largest recycler and steel producer in North America,” KMI Terminals President John Schlosser said in the release. “These facilities provide Nucor and other customers access to our growing national network of marine and rail terminals. This agreement also reconfirms KMI’s commitment to growing our terminals business.”