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Nucor to invest $240 million in galvanizing line, $230 million for specialty cold mill complex
May 14, 2018
Source: ASM International
Nucor Corp., Charlotte, N.C., announces that it will invest $240 million to construct a galvanizing line at the company's sheet mill in Arkansas to support Nucor's growth into a wider and more diverse set of strategic end-market applications. The new galvanizing line will have an annual capacity of approximately 500,000 tons. It is expected to be operational in the first half of 2021.
This project complements the $230 million investment currently underway to construct a specialty cold mill complex at Nucor Steel Arkansas. These projects are important components of Nucor's long-term strategy for profitable growth and will accelerate the company's goal of increasing its automotive market share.
"At Nucor Steel Arkansas, we are building one of the most modern and efficient steel mills in the world," says John Ferriola, Chairman, CEO, & President of Nucor. "This new galvanizing line, coupled with our new specialty cold mill complex, will allow us to efficiently produce products beyond the capability of any North American mill, and to have the flexibility to meet current and future demand for advanced high-strength steel products."
The company is also evaluating building additional galvanizing lines at its other sheet mills as part of Nucor's initiative to further expand its sheet business.
"Building this galvanizing line will diversify the product mix at Nucor Steel Arkansas and allow us to better serve our automotive and value-added customers," said Mary Emily Slate, Vice President and General Manager, Nucor Steel Arkansas. "We are positioning ourselves to become a major supplier to the growing galvanized market in the United States."
Nucor and its affiliates are manufacturers of steel products, with operating facilities primarily in the United States 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.
Industries and Applications | Mining and Metals Processing
Materials Processing and Treatment | Heat Treating
Materials Processing and Treatment | Surface Engineering
Materials Properties and Performance | Corrosion
Metals and Alloys | Carbon and Alloy Steels