wiredInUSA April 2018

$240m investment in second mill for rebar M A K I N G T H E NEWS

Nucor Corporation will build a rebar micro mill in Frostproof, Florida.

competitors who are shipping rebar into the region from long distances.”

The $240 million investment is the second rebar micro mill that Nucor is constructing. In November 2017, Nucor announced a rebar micro mill project in Sedalia, Missouri. “We are building this rebar micro mill in a great and growing market where demand is strong and there is currently an abundant supply of scrap, a good portion of which is handled by our scrap business, the David J Joseph Company,” explained John Ferriola, chairman, CEO and president of Nucor Corporation. “Consistent with our planned strategy of being a low-cost producer, this micro mill will give us a cost advantage over our

The micro mill is expected to employ around 250 people.

The mill will have an estimated annual capacity of 350,000 tons and construction is expected to take two years, pending permit and regulatory approvals. “We would like to thank the many state and local officials, leaders and partners who have assisted us with the project,” said Dave Sumoski, executive vice president of merchant and rebar products. “Identifying the right location is an essential part of our rebar micro mill strategy, and this part of central Florida met all the criteria we evaluate.”

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wiredInUSA - April 2018