Metals
Nucor Corporation’s board of directors approved the construction of a galvanizing line at Nucor Steel Berkeley in South Carolina to support the company’s strategy to expand its capabilities and grow participation in the automotive and consumer durables markets. The $425 million investment will create more than 50 new full time jobs and start up is expected in mid-2025. Additionally, Nucor’s board approved a galvanizing line to be constructed in the western U.S. with details to be announced at a future date.
“These investments support our strategy of shifting our mix to higher margin value-added products and capitalizing on sustainability trends that are driving opportunities for Nucor,” said Leon Topalian, chair, president and chief executive officer of Nucor Corporation. “The new Berkeley line will complement our recent galvanizing expansions at our Hickman and Gallatin operations and will be our eighth wholly-owned galvanizing line.”
The new South Carolina galvanizing line will have an annual capacity of approximately 500,000 tons and will be able to produce galvanized steel up to 72 inches wide. Last month, Nucor Steel Berkeley announced a 5 year $200 million modernization project, including constructing a new air separation unit to supply industrial gases for the mill’s steelmaking operations.
The State of South Carolina has offered job development credits to Nucor and assisted with site preparation costs by providing a grant. The state’s utility provider, Santee Cooper, similarly has provided a grant to Berkeley County to help cover the costs of facility upgrades related to the expansion.
Published in the November 2022 Edition