Nucor Corporation will build a rebar micro mill in Sedalia, Missouri, about 90 miles east of Kansas City. Following its approval by the Missouri Development Finance Board, the project was formally announced at an event with Governor Eric Greitens held at Lowell Mohler Assembly Hall.
The new micro mill project represents at least $250 million in new investments and is expected to start up in 2019 pending the final approval and award of state and local incentives as well as required permits and regulatory approvals.
“This rebar micro mill project is consistent with our long-term strategy for profitable growth and builds on our position as a low cost producer,” said John Ferriola, Chairman, chief executive officer & president of Nucor. “Strategically positioning this micro mill in the Kansas City area will give us a sustained cost advantage over other domestic steel producers supplying rebar from outside the region.”
Rebar supply to the Kansas City, upper Midwestern and Plains markets currently travels long distances, giving the micro mill in Sedalia a logistical advantage. This location will also allow the Company to take advantage of the abundant scrap supply in the immediate area provided by Nucor’s scrap business, The David J. Joseph Company.
The rebar micro mill investment is expected to create 255 full time jobs paying an average annual salary of approximately $65,000. In addition, the project will create 450 temporary construction jobs.
Published in the January 2018 Edition
