Nucor to Build 3-Million-Ton State-of-the-Art Sheet Mill
09/20/2021 - Nucor Corp. announced today its plans for a US$2.7 billion, 3-million-ton sheet mill to serve the Midwest and Northeast U.S. markets.
In a press release, Nucor said its board of directors has approved the construction of the mill and that the company is looking at locations in Ohio, Pennsylvania and West Virginia.
The mill will feature a tandem cold mill, annealing line and two galvanizing lines. Planned product mix for the facility will include cold-rolled, hot band, pickled and oiled, and galvanized products, Nucor said during a conference call Monday morning.
"This greenfield sheet mill complements Nucor's existing operations, allowing us to more effectively service customers in the region, and grow our core business, while creating substantial value for our shareholders,” Leon Topalian, Nucor’s president and chief executive officer, said.
"This mill will allow us to competitively meet the growing need that many of our customers, particularly in the automotive market, have for high-quality steel with a lower carbon footprint."
During the conference call, Topalian gave an overview of the U.S. sheet supply landscape and he also touted the United States’ greenhouse gas intensity.
“America is the cleanest place to produce steel on earth. Period,” Topalian said.
Construction of the new mill is expected to take two years, with full commercial operations commencing in 2024.