$900m deal gives steel giant Nucor greater access to Kinder Morgan terminals

Houston-based energy industry infrastructure giant Kinder Morgan announced in a release on Wednesday a $900m deal between its terminals division and Nucor Corporation, the largest steel producer in the US.

Under the 10-year deal Kinder will provide in-plant handling, processing, warehousing and marine services for five Nucor facilities in the south of the country – two in Arkansas and one each in North Carolina, South Carolina and Alabama.

Charlotte, North Carolina-based Nucor – already a major Kinder Morgan customer – will have greater access to the latter’s national network of marine and rail terminals because of this deal.