Nucor to build plate mill in Midwest

Charlotte, N.C.-based Nucor Corp. has announced plans to build a plate mill in the midwestern U.S. The board of directors has approved an investment of $1.35 billion to build the mill, which is expected to be fully operational in 2022 and capable of producing 1.2 million tons per year of steel plate products. The project is expected to create about 400 full-time jobs.

The mill will produce cut-to-length, coiled, heat-treated, and discrete plate from 60 to 160 in. wide and 3/16 to 14 in. thick, enabling the company to supply plate products that it currently does not offer from its plate mills in North Carolina, Alabama, and Texas.

The company expects to select a site for the new mill early this year.