# JFE Steel and Nucor to become joint owners of California Steel Industries

Vale agreed to sell its 50% stake in California Steel Industries (CSI) to Nucor. JFE Steel will sell a 1% stake to Nucor, resulting in Nucor owning 51% and JFE Steel 49% of CSI.

- Type: Acquisition
- Announced: 2021-12-13
- Where: Fontana, California, United States
- Value: $400.0M
- Jobs: 800
- Status: announced
- Capacity: 2 million tons per year
- Products: steel products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [JFE Steel Corporation](https://endata.com/companies/19688.md)
- [Nucor](https://endata.com/companies/4347.md) (acquirer)
- [Vale](https://endata.com/companies/14293.md) (partner)
- [Vale](https://endata.com/companies/14293.md) (target)
- [JFE Steel Corporation](https://endata.com/companies/19688.md) (partner)
- [California Steel Industries](https://endata.com/companies/36625.md) (target)

## Sources

- [jfe-steel.co.jp](https://www.jfe-steel.co.jp/en/release/2021/211213.html), 2021-12-13: "JFE Steel and Nucor to Become Joint Owners of California Steel Industries"
- [prnewswire.com](https://www.prnewswire.com/news-releases/nucor-acquires-majority-ownership-of-california-steel-industries-301442787.html), 2021-12-13: "Nucor Corporation announced today that it has reached agreements to acquire a majority ownership position in California Steel Industries, Inc."
- [ssw-americas.com](https://ssw-americas.com/nucor-acquires-majority-ownership-of-california-steel-industries/), 2022-01-06: "Acquiring a majority ownership stake in California Steel Industries expands our geographic reach in sheet steel and gives us a strong presence on the West Coast."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.