Nucor, a producer of steel and related products, has announced plans to construct a $240m galvanising line at its sheet mill in Arkansas, US to support the company’s entry into strategic end-market applications.
The new galvanising line, which will have an annual capacity of 500,000 tonnes, is expected to be operational in the first half of 2021.
The company is currently investing $230m to construct a specialty cold mill complex at Nucor Steel Arkansas.
These projects form part of the company’s long-term strategy for profitable growth and are expected to accelerate Nucor’s goal of increasing its automotive market share.
Nucor chairman, CEO and president John Ferriola said: “At Nucor Steel Arkansas, we are building one of the most modern and efficient steel mills in the world.
“This new galvanising line, coupled with our new specialty cold mill complex, will allow us to efficiently produce products beyond the capability of any North American mill, and to have the flexibility to meet current and future demand for advanced high-strength steel products.”
The company is also exploring the possibility of building additional galvanising lines at its other sheet mills as part of Nucor’s initiative to expand its sheet business.
Nucor Steel Arkansas vice president and general manager MaryEmily Slate said: “Building this galvanising line will diversify the product mix at Nucor Steel Arkansas and allow us to better serve our automotive and value-added customers.
“We are positioning ourselves to become a major supplier to the growing galvanised market in the US.”
Nucor and its affiliates are involved in the manufacture of steel products and have facilities primarily in the US and Canada.
They manufacture products such as carbon and alloy steel – in bars, beams, sheet and plate; hollow structural section tubing; steel piling; steel joists and joist girders; steel deck; electrical conduit; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating; and wire and wire mesh.
Through The David J Joseph Company, Nucor also deals with ferrous and non-ferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and non-ferrous scrap.