Nucor to build $1.35bn steel plate mill in Kentucky, US

WCN Editorial Team 28 Mar 2019 NORTH AMERICA BUILDINGS

Nucor has announced that it will construct a modern, $1.35bn steel plate mill in Brandenburg, Kentucky, located along the Ohio River southwest of Louisville, US.

The mill will have a capacity to produce 1.2m tonnes per year of steel plate products.

The plate mill, which will employ over 400 full-time staff at an average annual salary of $72,000, is expected to be fully operational in 2022, pending permit and regulatory approvals.

Nucor chairman, CEO and president John Ferriola said: “This strategic investment will enable us to build a clear market leadership position in the U.S. plate market.

“Kentucky is an excellent location for this mill, right in the center of America’s largest plate consuming region.

“Our acquisition of the Gallatin sheet mill in Ghent, Kentucky five years ago has been a tremendous success, and we are pleased to add a second mill in the state.”

The new plate mill is expected to enable the company to produce 97% of the products demanded in the domestic market, including specialty higher-margin products.

It will produce cut-to-length, coiled, heat-treated, and discrete plate ranging from 60 to 160 inches wide, and in gauges from 3/16 of an inch to 14 inches.

The location on the Ohio River is expected to provide Nucor logistical advantages in sourcing raw material and serving customers throughout the Midwest.

Nucor currently operates plate mills in North Carolina, Alabama and Texas.

The company has two additional investment projects underway at the Gallatin sheet mill in Kentucky.

Nucor Steel Gallatin’s new galvanising line will become operational in the second quarter of 2019 and the project to increase Gallatin’s hot rolled coil capacity at widths of up to 73 inches is expected to come online in 2021.

The new plate mill and the Nucor Steel Gallatin projects represent investment of over $2bn in the state of Kentucky.

Nucor executive vice president of beam and plate products Leon Topalian said: “We would like to thank Governor Matt Bevin, officials with the Kentucky Cabinet for Economic Development and local officials in Brandenburg and Meade County for their help and support of this project.

“We are looking forward to being part of the Brandenburg community.”

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Image: Nucor Steel Gallatin. Photo: Courtesy of Nucor.

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