Nucor Corp., Charlotte, N.C., announces that its board of directors has approved a steel bar micro mill project, and also announces that the company is considering five states in the Midwest and Southeast as a location for the project. The states being considered include Nebraska, Kansas, Missouri, South Carolina, and Florida. Nucor’s board of directors also approved the expansion of its existing merchant bar operations in either Illinois or Ohio.
Nucor’s bar mills are a cornerstone of the company; they have generated significant value in the past, and they are expected to generate significant value in the future. Both the micro mill project and the expansion of its merchant bar operations are part of Nucor’s planned strategy for long-term profitable growth. By leveraging Nucor’s existing operating abilities, these projects will maintain our position as a low-cost producer and will allow us to better serve our customers.
Nucor and its affiliates are manufacturers of steel products, with operating facilities primarily in the United Sstates and Canada. Products 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.
Through the David J. Joseph Company, Nucor also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America’s largest recycler.
