Nucor Corporation is adding an additional cold mill at its Nucor Steel Arkansas division.
The specialty cold mill complex will expand Nucor’s capability to produce advanced high-strength, high strength low alloy, and motor lamination steel products. The mill will cost an estimated $230 million to build and is expected to be operational in approximately 2 years.
Ducker Worldwide estimates that 4 million tons of advanced high-strength and ultra advanced high-strength steels will be used for the automotive market by 2025. The specialty cold mill complex will give Nucor the capability to produce products the company currently does not make, adding to Nucor’s comprehensive product portfolio and further differentiating Nucor from its competitors as the leader in providing solutions to its customers. Locating the cold mill at Nucor’s sheet mill in Arkansas will give the company a transportation advantage over competitors outside the region.
The addition of the specialty cold mill complex is expected to add approximately 100 jobs at an estimated average annual salary of $80,000.
Published in the October 2016 Edition of American Recycler News