Nucor board approves projects

Nucor board approves projects

Steelmaker’s board gives the go-ahead for new steel bar micromill and expansion of merchant bar operations.

September 18, 2017
Recycling Today Staff
Commodities Metals

Nucor Corp., headquartered in Charlotte, North Carolina, has announced that the company’s board of directors has approved a steel bar micromill project and the expansion of either its Illinois or Ohio merchant bar operations. Nucor is considering five states in the Midwest and Southeast for the micromill project: Nebraska, Kansas, Missouri, South Carolina and Florida.

Nucor says its bar mills are a cornerstone of the company that have generated significant value in the past and are expected to do so in the future. The micromill project and the expansion of its merchant bar operations are part of Nucor's planned strategy for long-term profitable growth. By leveraging its existing operating abilities, these projects will maintain the company’s position as a low-cost producer and will allow it to better serve our customers, according to Nucor.

Nucor and its affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada. Products produced include carbon and alloy steel in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Co., Cincinnati, also brokers ferrous and nonferrous scrap, pig iron and HBI/DRI (hot-briquetted iron/direct-reduced iron); supplies ferro-alloys; and processes ferrous and nonferrous scrap.