CHARLOTTE, N.C., Dec. 13, 2021 /PRNewswire/ -- Nucor Corporation (NYSE: NUE ) announced today that it has reached agreements to acquire a majority ownership position in California Steel Industries, Inc. (CSI) by purchasing a 50% equity interest from a subsidiary of Vale S.A. (Vale) and a 1% equity ownership stake from JFE Steel Corporation (JFE). The company will be a joint venture between Nucor and JFE, pending regulatory approvals. Nucor will pay a cash purchase price to Vale of $400 million for the 50% enterprise value, adjusted for net debt and working capital at closing, which approximates less than 6.0x historical average EBITDA.