The new Nucor Steel Lexington mill have an annual capacity of 430,000 tons and represents an approximately US$350 million investment, the company said in an official press release.
 
"We are very excited to grow our steel business here in our home state of North Carolina. The corridor between Washington, D.C., and Atlanta is one of the fastest-growing regions in our nation, and new federal spending for infrastructure will further increase demand for rebar in the region," said Leon Topalian, Nucor’s president and chief executive.
 
"Nucor Steel Lexington will produce steel with nearly 100% recycled content, which means our new, modern infrastructure will be made with the most sustainable steel available anywhere in the world," Topalian added.
 
The mill is expected to take two years to construct, pending permit and regulatory approvals.