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Rockbridge Growth Equity Adds Columbus-Based Radon Be Gone to Its New Home Services Platform




DETROIT, April 29, 2021 /PRNewswire/ — Rockbridge Growth Equity, the Detroit-based private equity firm, today announced the acquisition of Columbus-based Radon Be Gone Inc. This marks the investment group’s second addition of a radon testing and mitigation company to its new clean air and water treatment home services provider platform, RB Home Services.

“Radon Be Gone is extremely excited about our new relationship with RB Home Services,” said Shad Evans, co-Founder and co-Owner of Radon Be Gone. “The support RB Home Services will provide will elevate us to a new level of growth and professionalism.” 

“We are really looking forward to the radon awareness aspect that this may bring, given Rockbridge’s expertise in advertising and marketing campaigns,” added Bill Dziatkowicz, co-Founder and co-Owner of Radon Be Gone. “Moreover, this partnership will introduce technology and procedures that will allow us not only to work more efficiently but that will allow continued and accelerated growth on building blocks that we have put down.”

Evans and Dziatkowicz have a combined 36 years of experience in the radon field and will maintain their roles as principals and operators for Radon Be Gone, as Rockbridge works to extend the platform to similarly vetted and certified service providers nationwide. Radon Be Gone’s proven success in central Ohio made the company an ideal early addition to the RB Home Services platform. 

“Radon Be Gone is a proven industry leader in central Ohio and we are excited to help them expand their customer base,” said Steve Linden, Partner at Rockbridge Growth Equity. “We feel very fortunate to have brought another high-quality service provider into the RB Home Services Platform.”

About Rockbridge Growth Equity 
Founded in 2007, Rockbridge Growth Equity is a Detroit, Michigan-based private equity firm that invests in financial and business services, consumer-direct marketing, and sports, media & entertainment industries. Rockbridge owns equity stakes in ProSites, White Glove, Connect America, Rapid Finance, Gas Station TV, Kings III of America, and Robb Report, and is affiliated with other leading businesses in its target sectors including Quicken Loans, the 2016 NBA champion Cleveland Cavaliers, Amrock and StockX. Since its inception, Rockbridge Growth Equity has invested more than $700 million of equity in its portfolio of companies. For more information on Rockbridge Growth Equity, visit

About Radon Be Gone 
Formed in 2006, Columbus-based Radon Be Gone Inc. is a regional industry leader in radon consulting, testing, and remediation services for commercial, residential, and multi-family properties across central Ohio. Founders and Owners Bill Dziatkowicz and Shad Evans have a combined 36 years’ experience between them in the radon industry. A six-time Angie’s List Super Service Award winner, Radon Be Gone is the leading radon testing and mitigation company in Columbus. Learn more at

Press Contact:
Jennifer Horne
[email protected]

SOURCE Rockbridge Growth Equity

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Vedanta Limited: Consolidated Results for the Fourth Quarter and Full Year ended 31st March 2021




MUMBAI, India, May 13, 2021 /PRNewswire/ — Vedanta Limited today announced its audited consolidated results for the fourth quarter (Q4) and full year ended 31st March 2021 (FY2021).

Financial Highlights

Q4 FY2021


– EBITDA up by 88% Y-o-Y to ₹ 9,107 crore

– Robust EBITDA margin1 of 38%

– Att. PAT (before exceptional items) at ₹ 7,013 crore

– EBITDA up by 30% Y-o-Y, at ₹ 27,341 crore

– Robust EBITDA margin1 of 36%

– Att. PAT (before exceptional items) at ₹ 12,151 crore

Other Financial Highlights FY2021

– Improved double-digit ROCE at c.19%

– ND/EBITDA at 0.9x, maintained at low level

– Net Debt at ₹ 24,414 crore, reduction of 32% compared to 31st December 2020

– Strong liquidity position with total cash & cash equivalent at ₹ 32,614 crore

– Contribution to the ex-chequer of ₹ 35,018 crore

Operational Highlights FY2021

– Zinc India

– Record ore production of 15.5 million tonnes despite disruptions on account of the pandemic 

– Highest ever mined metal production of 972kt, up 6% Y-o-Y

– Record Silver production of 706 tonnes

– Zinc International:

– Gamsberg record production volume at 145 kt in FY2021, up by 34% Y-o-Y

– Gamsberg cost of production at $1,288/t, down 11% Y-o-Y

– Oil & Gas:

– Average gross operated production of 162 kboepd for FY2021, down 6% Y-o-Y

– 74 wells hooked up during FY2021

– New gas processing terminal commissioned; ramp up underway expected to add ~ 15 kboepd by Q1 FY2022

– Aluminium & Power:

– Highest ever Aluminium production of 1,969kt, with 2.1 Mtpa run rate achieved in Q4

– Highest ever Alumina production at 1,841 kt, up 2% Y-o-Y

– Lowest cost of production in last 7 years at US$ 1,347 per tonne, 20% lower Y-o-Y

– Iron Ore:

– Production of saleable ore at Karnataka at 5 million tons, up 15% Y-o-Y

– Iron ore sales in Goa at 2.1 million tonnes in FY2021

– Continued engagement with the Stakeholders for resumption of Goa mining

– Steel:

– Steel production at 1.19 million tonnes, down 4% due to covid lockdown

– EBITDA Margin at $95/t, up by ~23%

– Copper India:

– Due legal process is being followed to achieve a sustainable restart of the operations

Mr Sunil Duggal, Chief Executive Officer, Vedanta, said “We are delighted to announce an outstanding quarter. Our key businesses delivered record operational performance, maintaining the trajectory of cost and volumes, driven by structural integration and technology adoption. Our businesses have shown resilience in uncertain market environment as we continue with our winning streak, reporting the highest ever quarterly EBITDA. We are fully supporting our employees, partners, and communities to navigate through these tough times. We are well on our path to execute on strategic priorities to maximize value for stakeholders”

Consolidated Financial Performance

The consolidated financial performance of the company during the period is as under:














 Net Sales/Income from operations 









 Other Operating Income 


















 EBITDA Margin1






 Finance cost 









 Investment Income 









 Exchange gain/(loss) – (Non operational) 






 Profit before Depreciation and Taxes  








 Depreciation & Amortization 









 Profit before Exceptional items 








 Exceptional Items Credit/(Expense)2






 Profit Before Tax







 Tax Charge/ (Credit) 







 Tax on Exceptional items/ (Credit) 






 Profit After Taxes 







 Profit After Taxes before exceptional items 







 Minority Interest 








 Attributable PAT  







Attributable PAT before Exceptional Items






 Basic Earnings per Share (₹/share) 







 Basic EPS before Exceptional items 






 Exchange rate (₹/$) – Average 









 Exchange rate (₹/$) – Closing 










1.  Excludes custom smelting at Copper India and Zinc India operations

2.  Exceptional Items Gross of Tax

3.  Previous period figures have been regrouped or re-arranged wherever necessary to conform to current period’s presentation


Revenue for Q4 FY2021 was at ₹ 27,874 crore, higher 24% Q-o-Q & 43% Y-o-Y, primarily due to higher volume at Aluminium business, Zinc India, Iron ore business, higher power sales at TSPL and improved commodity prices.

Revenue for FY2021 was at ₹ 86,863 crore, higher 4%, mainly due to higher volume at Zinc India, Aluminium business, Iron ore & Steel business, higher commodity prices & rupee depreciation in FY2021. This was partially offset by lower volumes at Oil & Gas and Skorpion mine being under care and maintenance, lower power sales at TSPL and lower oil prices.


EBITDA for Q4 FY2021 was at ₹ 9,107 crore, higher 18% Q-o-Q & 88% Y-o-Y, primarily due to higher volumes at Zinc India, Aluminium & Iron Ore business and higher commodity & oil prices in Q4 FY2021, partially offset by higher COP at Aluminium and steel business majorly due to input commodity inflation.

EBITDA for the FY2021 was at ₹ 27,341 crore, higher 30%, mainly on account of higher volume at Zinc India, Aluminium & Iron Ore business and structural reduction in COP at Aluminium business. This was partially offset by lower oil prices and lower volumes at Oil & Gas business. 

We had a robust EBITDA margin1 of 36% for the year (FY 2020: 29%)

Depreciation & Amortization

Depreciation & amortisation for Q4 FY2021 was at ₹ 2,054 crore, higher 7% Q-o-Q, primarily due to higher volume & projects capitalization at Zinc India and capitalization of pots in Aluminium business.

Depreciation & amortisation for Q4 FY2021 was lower by 9% Y-o-Y, primarily on account of lower charge at Oil & Gas business due to impairment of assets in Q4 FY2020, lower charge at Zinc International due to Skorpion mines under care and maintenance, partially offset by higher depreciation charge at Zinc India on account of higher ore production and additional capitalisation.

Depreciation & amortisation for FY2021 was at ₹ 7,638 crore, lower 16%, primarily on account of lower charge at Oil & Gas business due to impairment of assets in Q4 FY2020, lower charge at Zinc International due to Skorpion mines under care and maintenance, partially offset by higher depreciation charge at Zinc India on account of higher ore production and additional capitalisation.

Finance Cost and Investment Income

Finance cost for Q4 FY2021 was at ₹ 1,325 crore, flat Q-o-Q, higher interest cost due to lower interest capitalisation offset by repayment of borrowings.

Finance cost for Q4 FY2021 higher 24% Y-o-Y, primarily due to lower interest capitalisation.

Finance cost for FY2021 was at ₹ 5,210 crore, higher 5%, primarily due to lower interest capitalisation.

Investment Income for Q4 FY2021 was at ₹ 860 crore, higher 12% Q-o-Q & 41% Y-o-Y, primarily due to increase in interest income with a change in mix of investments.

Investment Income for FY2021 was at ₹ 3,269 crore, higher 34%, primarily due to increase in interest income with a change in mix of investments partially offset by lower investment corpus.

Exceptional Items

Exceptional items for Q4 FY2021 was at ₹ 773 crore, primarily due to provision in Steel business for obtaining environmental clearance, provision against advances, settlement of structured investments and CWIP impairment in Aluminium.

Exceptional items during FY2021 were ₹ 678 crore which pertains to provision in Steel business for obtaining environmental clearance, provision against advances, settlement of structured investments and CWIP impairment partly offset by RPO liability reversal in Aluminium.


Tax credit for Q4 FY2021 stood at ₹ 1,886 crore (Q3 FY2021: Tax charge of ₹ 1,186 crore). The normalized ETR is 28% (excluding tax on exceptional items and deferred tax asset of ₹ 3,111 crore recognized on carry forward losses in ESL) compared to 27% in Q3. The normalized ETR for Q4 FY2020 was 49%.

The normalized ETR for FY2021 is 27% (excluding tax on exceptional items, tax on intra group dividend and deferred tax asset of ₹ 3,111 crore recognized on carry forward losses in ESL) compared to 34% in FY2020 which is primarily on account of change in profit mix and adoption of new tax regime in one of the major subsidiaries.

Attributable Profit after Tax and Earnings per Share (EPS)

Attributable Profit after Tax (PAT) before exceptional items for the quarter was at ₹ 7,013 crore

For FY2021, Attributable Profit after Tax (PAT) before exceptional items was at ₹ 12,151 crore.

EPS for the year before exceptional items was at ₹ 32.80 per share compared to ₹ 10.78 per share in FY2020.

Balance Sheet

We have robust cash and cash equivalents of ₹ 32,614 crore. The Company follows a Board-approved investment policy and invests in high quality debt instruments with mutual funds, bonds and fixed deposits with banks. The portfolio is rated by CRISIL, which has assigned a rating of “Tier-I” (implying Highest Safety) to our portfolio. Further, the Company has undrawn committed facilities of c. ₹ 7800 crore as on March 31, 2021.

Gross debt was at ₹ 57,028 crore on 31st March 2021, decreased by ₹ 2,159 crore Y-o-Y. This was mainly due to repayment of debt at Aluminum and Zinc Business.

Net debt was at ₹ 24,414 crore on 31st March 2021, higher by ₹ 2,988 crore Y-o-Y, primarily driven by dividend payment during the year and inter-company loan (ICL) to VRL, partially offset by strong cash flow from operations post capex.

  • CRISIL Ratings at AA- with stable outlook
  • India Ratings at AA- with stable outlook

Key Recognitions

Vedanta has been consistently recognized through the receipt of various awards and accolades. During the past quarter, we received the following recognitions:

  • Hindustan Zinc ranked 1st position in Asia Pacific Region in metals and mining sector and 7th Globally in Environment by the Dow Jones Sustainability Index 2020.
  • Hindustan Zinc recognized as ‘A’ rated company for Climate Change CDP (Carbon Disclosure Project) is among the top 2 companies in metals and mining sector across the globe along with Anglo American Platinum.
  • Hindustan Zinc Evolve E-commerce portal received “Best E-commerce Technology Innovation” award at 21st Inflection Conference Awards 2020.
  • Hindustan Zinc Dariba and Chanderiya Captive Power Plant received “Water Optimization Award 2020” in the category of Best water efficient plant <=500 MW & Best Zero Liquid discharge plant.
  • Hindustan Zinc identified as “Responsible Business of the Year” and awarded with Grant Thornton SABERA Award 2020 for community development.
  • Cairn Oil & Gas Midstream received British Safety Council, “Sword of Honor”
  • Cairn Oil & Gas Won TechCircle Business Transformation Awards 2020 for Excellence in Digital Execution for Quality Transformation for the “Next Generation Workplace – Office 365”
  • Cairn Oil & Gas Won Sustainability 4.0 Award, the leaders awards under the mega large business category and the first runner-up award under the Jury special Mention award on “Recycling of Produced water for Injection Purpose”.
  • Vedanta Ltd, Jharsuguda plant received National Energy Conservation Award for Operational Excellence by Bureau of Energy Efficiency, Govt of India
  • Vedanta Ltd, Jharsuguda plant received Greentech Safety Award 2020 and Greentech Sustainability Award 2020 for Operational Excellence.
  • Balco received Golden Peacock Award for Sustainability for Operational Excellence.
  • Balco Won Gold Medal at the National Awards for Manufacturing Competitiveness 2019-20 for Operational Excellence.
  • Vedanta Aluminium and Power Business received “Gold Award” in Marketing communication for Aluminium and Internal communication for Social Media Brand Ambassadors Program at 11th India PR & Corporate Communication (IPRCCA) Awards.
  • ESL Steel won Greentech Safety Award for Corona Protection Initiatives.

Results Conference Call

Please note that the results presentation is available in the Investor Relations section of the company website

Following the announcement, there will be a conference call at 6:30 PM (IST) on May 13, 2021, where senior management will discuss the company’s results and performance. The dial-in numbers for the call are as below:

For further information, please contact:

Investor Relations

Varun Kapoor

Director – Investor Relations


Raksha Jain

Manager – Investor Relations



Tel:  +91 124 476 4096

[email protected]


Ms. Roma Balwani

Director – Communications and Brand



Tel: +91 11 4916 6250

[email protected]

About Vedanta Limited

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa, Namibia, and Australia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta’s strategy, with a strong focus on health, safety, and environment. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. Under the aegis of Vedanta Cares, the flagship social impact program, Nand Ghars have been set up as model Anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Vedanta and its group companies have been featured in Dow Jones Sustainability Index 2020, and were conferred Frost & Sullivan Sustainability Awards 2020, CII Environmental Best Practices Award 2020, CSR Health Impact Award 2020, CII National Award 2020 for Excellence in Water Management, CII Digital Transformation Award 2020,  ICSI National Award 2020 for excellence in Corporate Governance, People First HR Excellence Award 2020,  ‘Company with Great Managers 2020’ by People Business  and certified as a Great Place to Work 2021. Vedanta’s flagship Nand Ghar Project was identified as best CSR project by the Government of Rajasthan.  Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.

 For more information, please visit

Vedanta Limited

Vedanta, 75, Nehru Road,
Vile Parle (East), Mumbai – 400 099

Registered Office:

Regd. Office: 1st Floor, ‘C’ wing, Unit 103,
Corporate Avenue, Atul Projects,
Chakala, Andheri (East),
Mumbai – 400 093
CIN: L13209MH1965PLC291394


This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

SOURCE Vedanta Limited

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bp And CEMEX Team Up On Net-Zero Emissions




The two companies have agreed to a memorandum of understanding to develop solutions to decarbonize the cement production process and transportation. These potential solutions may include low-carbon power, low-carbon transport, energy efficiency, natural carbon offsets, and carbon capture utilization and storage technologies. Additionally, they intend to work together to develop urbanization solutions envisioned to decarbonize cities.

“Concrete plays an integral role in society, and there are no substitutes for its key attributes, strength, and resilience. We believe it will continue to have a critical role in a low carbon economy, and the challenge for the industry is to find solutions to the manufacturing process emissions,” said Juan Romero, Executive Vice President Sustainability, Commercial, and Operations Development of CEMEX. “This initiative with bp is another example of the work we are doing with partners across industries, academia, and startups to tap into the latest innovation and disruptive technology to achieve our ambition of delivering net-zero CO2 concrete globally to all of our customers.”

William Lin, bp’s executive vice president, regions, cities & solutions (RC&S), said: “At bp, we want to help ‘greening companies’ meet their sustainability aims just as we are trying to do in our own company. We know that 70 percent of global emissions come from transport, industry and energy and that cement making is energy intensive. Teaming up with progressive companies like CEMEX, that share a net-zero ambition and have complementary capabilities, will help speed up the decarbonization of the industry and the energy system. Now is the time to work together on the path to net-zero and along the way generate mutual value.”

Helping cities and corporations to decarbonize is a core part of bp’s long-term strategy. The RC&S team aims to build enduring relationships ‎with cities and corporations around the world to offer bespoke, integrated and decarbonized energy solutions to complex energy needs – providing energy that is clean, reliable – and also affordable. And to decarbonize high-tech, consumer products, heavy transport, and heavy industry sectors – working with companies that currently have significant carbon emissions to manage and share bp’s net zero ambition.

Angélica Ruiz, bp’s head of country for Mexico and senior vice president for Latin America, said: “We’re proud to collaborate with a global company that shares our goal to transition to a more sustainable future. CEMEX is taking a leading role in decarbonizing the global cement industry, setting a fast pace of progress in all regions, including Mexico and Latin America. Our collaboration with CEMEX is another step towards our ambition to be a net-zero company by 2050 or sooner and help the world to get to net-zero.”

About bp
bp’s purpose is to reimagine energy for people and our planet. It has set out an ambition to be a net zero company by 2050, or sooner and help the world get to net zero, and a strategy for delivering on that ambition. Partnering with countries, cities and corporations to provide innovative energy, mobility and decarbonization solutions as they shape their paths to net zero is a core part of this strategy. For more information visit

CEMEX is a global building materials company that provides high-quality products and reliable services. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. For more information, please visit:

Cautionary statement:
In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’), bp is providing the following cautionary statement. This press release contains certain forward-looking statements – that is, statements related to future, not past events and circumstances – which may relate to one or more of the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. Actual results may differ from those expressed in such statements, depending on a variety of factors including the risk factors set forth in our most recent Annual Report and Form 20-F under “Risk factors” and in any of our more recent public reports.

Our most recent Annual Report and Form 20-F and other period filings are available on our website at, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at


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Alpha ESS stellt auf der Smart Energy Conference & Exhibition 2021 ein Partnerprogramm und neue Produkte für Australien vor




Die neuen Energiespeicherlösungen für den australischen Markt umfassen eine neue Power Station, eine neue Variante der kleinsten Alpha ESS All-in-One- Heimspeicherlösung und eine neue Batterie für Heimspeicher. 

Die tragbare 1 kW / 1 kWh-Power Station unterstützt 11 Geräte gleichzeitig und, kann sowohl für Outdoor-Aktivitäten als auch als kleine (Not-)Stromversorgung für Zuhause genutzt werden. Sie ist damit nicht nur perfekt für Abenteurer geeignet, sondern ermöglicht auch neue Freiheiten im eigenen Garten.

Der neue 3 kW Heimspeicher ist speziell für die Nachrüstung konzipiert. Kostengünstig, einfach zu installieren und skalierbar. Das eigens für den australischen Markt zählerlose Design mit eingebauter 5 kWh-Batterie erfüllt alle üblichen Anforderungen für Nachrüstungen und bietet eine erweiterbare Kapazität bis 30 kWh.

Eine neue Hochspannungsbatterie mit 8,2 kWh Nennkapazität für einphasige oder dreiphasige Anwendungen wurde ebenfalls vorgestellt.

Trends und neue Lösungen

Dong Lin, PhD, Vizepräsident von Alpha ESS, hat auf der Smart Energy Conference außerdem einen viel beachteten Vortrag über das Thema Global Industry Perspective: Market and Price Forecasts gehalten. In diesem Vortrag weist er darauf hin, dass heute der wichtigste Faktor bei der Energiespeicherung die Rentabilität ist. Er prognostiziert, dass virtuelle Kraftwerkslösungen (VPP) oder andere community energy solutions die Amortisationszeit verkürzen werden.


Alpha ESS startet in Australien ein neues Installateur-Netzwerk für diejenigen Fachpartner, die außergewöhnliche Kundenerfahrungen mit Alpha-Produkten liefern. Zentrales Element des Netzwerks ist es Installateure schneller mit Aufträgen zu verbinden. Dies soll die Effizienz und den Kundenservice deutlich verbessern.

Über Alpha ESS

Alpha ESS ist ein führender Energiespeicherhersteller und Systemintegrator mit mehr als 10 Niederlassungen weltweit. In über 60 Ländern sind aktuell bereits mehr als 60.000 Alpha ESS Speichersysteme aktiv in Betrieb.

[email protected] 

Foto –

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Nucor Announces New Share Repurchase Program




CHARLOTTE, N.C., May 13, 2021 /PRNewswire/ — The Board of Directors of Nucor Corporation (NYSE: NUE) today approved the repurchase of up to $3.00 billion of the Company’s outstanding common stock. This new authorization replaces the previously authorized $2.00 billion repurchase program (which was terminated by the Board of Directors in connection with the approval of the new authorization), under which approximately $1.55 billion of the Company’s common stock had been repurchased since its authorization in 2018. The Company expects share repurchases will be made from time to time in the open market at prevailing market prices or through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements and other factors. The new share repurchase authorization is discretionary and has no expiration date. 

About Nucor
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel — in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America’s largest recycler.

Forward-Looking Statements
Certain statements contained in this news release are “forward-looking statements” that involve risks and uncertainties. The words “anticipate,” “believe,” “expect,” “project,” “may,” “will,” “should,” “could” and similar expressions are intended to identify those forward-looking statements. These forward-looking statements reflect the Company’s best judgment based on current information, and although we base these statements on circumstances that we believe to be reasonable when made, there can be no assurance that future events will not affect the accuracy of such forward-looking information. As such, the forward-looking statements are not guarantees of future performance, and actual results may vary materially from the projected results and expectations discussed in this news release. Factors that might cause the Company’s actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing, including pressure from imports and substitute materials; (2) U.S. and foreign trade policies affecting steel imports or exports; (3) the sensitivity of the results of our operations to prevailing market steel prices and changes in the supply and cost of raw materials, including pig iron, iron ore and scrap steel; (4) the availability and cost of electricity and natural gas, which could negatively affect our cost of steel production or result in a delay or cancellation of existing or future drilling within our natural gas drilling programs; (5) critical equipment failures and business interruptions; (6) market demand for steel products, which, in the case of many of our products, is driven by the level of nonresidential construction activity in the United States; (7) impairment in the recorded value of inventory, equity investments, fixed assets, goodwill or other long-lived assets; (8) uncertainties surrounding the global economy, including excess world capacity for steel production; (9) fluctuations in currency conversion rates; (10) significant changes in laws or government regulations affecting environmental compliance, including legislation and regulations that result in greater regulation of greenhouse gas emissions that could increase our energy costs, capital expenditures and operating costs or cause one or more of our permits to be revoked or make it more difficult to obtain permit modifications; (11) the cyclical nature of the steel industry; (12) capital investments and their impact on our performance; (13) our safety performance; and (14) the impact of the COVID-19 pandemic. These and other factors are discussed in Nucor’s regulatory filings with the Securities and Exchange Commission, including those in “Item 1A. Risk Factors” of Nucor’s Annual Report on Form 10-K for the year ended December 31, 2020. The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them, except as may be required by applicable law.

SOURCE Nucor Corporation

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