Nucor’s board of directors approved a steel bar micro mill project and announced the company is considering five states in the Midwest and Southeast 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.
Published in the November 2017 Edition of American Recycler News