Nucor Acquires Over 96% of Harris Steel Group Inc. Shares



    CHARLOTTE, NC and TORONTO, March 2 /CNW/ - Nucor Corporation ("Nucor")
(NYSE:   NUE) and Harris Steel Group Inc. ("Harris Steel") (TSX: HSG) announced
that as of 12:30 a.m. (Toronto time) on March 2, 2007, 25,998,212 common
shares of Harris Steel, including shares deposited by guaranteed delivery,
were deposited to the offer (the "Offer") made by a wholly owned indirect
subsidiary of Nucor, to acquire all of the issued and outstanding common
shares of Harris Steel for C$46.25 in cash per Harris Steel common share.
    All of the conditions of the Offer were satisfied prior to the expiration
of the Offer, and Nucor has taken up all of the Harris Steel common shares
that were validly deposited to the Offer. Payment for such Harris Steel common
shares in the amount of C$1,202,417,305 is expected to be made as soon as
practicable and in any event by no later than Wednesday, March 7, 2007. Nucor
now beneficially owns 25,998,212 common shares of Harris Steel or over 96% of
the issued and outstanding common shares of Harris Steel.
    In accordance with its stated purpose of acquiring all of the outstanding
shares of Harris Steel, Nucor intends, as soon as permitted, to exercise its
right to acquire the remaining Harris Steel common shares by means of a
statutory compulsory acquisition under Section 188 of the Business
Corporations Act (Ontario).
    Nucor and Harris Steel have agreed to cooperate to enable Nucor to elect
or appoint as soon as possible, and from time to time as Nucor may acquire
additional shares of Harris Steel, such number of directors of Harris Steel as
is proportionate to Nucor's percentage shareholdings of Harris Steel.
    Upon the completion of the steps to acquire the remaining outstanding
Harris Steel common shares, Nucor intends to delist the shares from the
Toronto Stock Exchange and to cause Harris Steel to cease to be a reporting
issuer.

    Harris Steel has several business units: Harris Rebar, which is involved
in the fabrication and placing of concrete reinforcing steel and the design
and installation of concrete post-tensioning systems; Laurel Steel, which is a
manufacturer and distributor of wire and wire products, welded wire mesh and
cold finished bar; and Fisher & Ludlow, which is a manufacturer and
distributor of heavy industrial steel grating, aluminum grating and expanded
metal. These operations serve customers throughout Canada and the United
States. Harris Steel also participates in steel trading on a worldwide basis
through Novosteel (owned 75% by Harris), and in the distribution of
reinforcing steel and allied products to customers in the United States
through Harris Supply Solutions. Harris Steel employs approximately
3,000 people throughout its organization.

    Nucor and affiliates are manufacturers of steel products, with operating
facilities in nineteen states. Products produced are: carbon and alloy steel -
in bars, beams, sheet and plate; steel joists and joist girders; steel deck;
cold finished steel; steel fasteners; metal building systems; and light gauge
steel framing. Nucor is the largest recycler in the United States.

    Certain statements contained in this news release in respect of Nucor are
"forward-looking statements" that involve risks and uncertainties. Factors
that might cause Nucor's actual results to differ materially from those
anticipated in forward-looking statements are outlined in Nucor's regulatory
filings with the Securities and Exchange Commission, including those in
Nucor's Annual Report on Form 10-K for the year ended December 31, 2006. The
forward-looking statements in respect of Nucor contained in this news release
speak only as of this date, and Nucor does not assume any obligation to update
them.




For further information:

For further information: Harris Steel, John Harris, CEO and Chairman,
(905) 662-0611 or Flora Wood, Investor Relations, (416) 590-9547 or toll free
1-866-585-0089, E-mail: flora@harrissteel.com

Organization Profile

HARRIS STEEL GROUP INC.

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NUCOR CORPORATION

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