Nucor will build a 430,000 mt/year rebar micro mill at a yet-to-be-determined site in the South Atlantic region of the US in anticipation of rising demand in the coming years following the recent passage of the nation's infrastructure bill, the company said Dec. 6.
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"We have recently executed two successful rebar micro mill start-ups and believe the East Coast market will be in need of additional rebar supply in the coming years, particularly with the recent passage of the infrastructure spending bill," CEO Leon Topalian said in a statement. "Rebar has been a core business for Nucor since we got into steelmaking and this project will enable us to maintain our leadership position in the rebar market."
The new plant will represent the steelmaker's third rebar micro mill. The company opened its first two rebar micro mills in Missouri and Florida in 2020.
Nucor did not provide an expected timeline for the construction of the plant or the start of production.
The Charlotte-based company has a total bar steel production capacity of about 9.5 million st/year.