Nucor Corp. has entered into an agreement with Mitsui & Co. Inc., a wholly owned subsidiary of Mitsui & Co.,Ltd, wherein each would indirectly own a 50% interest in a newly created company, NuMit LLC. NuMit will invest in various steel and steel related activities, both in North America and globally. Coinciding with the formation of NuMit will be its first investment, Steel Technologies LLC, which will own all of the assets, operations and business currently held by Mitsui in Steel Technologies, Inc. Closing of the transaction will occur after satisfactory resolution of regulatory approvals and other closing conditions. Steel Technologies operates 23 sheet processing facilities throughout the US, Canada and Mexico. It will continue to operate as an independent unit with the existing management team maintaining responsibility for the performance of the business.