Nucor Corp. said March 12 that it will invest US$240 million to build a rebar micromill in Florida to take advantage of an abundant supply of scrap metal.
Construction will take two years, subject to approvals, and the mill is expected to have an annual capacity of 350,000 tonnes and employ about 250 people.
In November 2017, Nucor announced plans to build a micromill in Missouri with an investment of at least US$250 million.
