Nucor to Add Blast and Prime Line At New Kentucky Plate Mill
November 18, 2021 at 09:00 am EST
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Nucor Corporation announced that it will be adding a blast and prime line at its greenfield steel plate mill currently under construction in Brandenburg, Kentucky. The blast and prime line will have an annual capacity of approximately 120,000 tons and will provide the Nucor Plate Group with even broader capabilities and offerings for customers of wider and thicker plate products. The Nucor Steel Brandenburg plate mill is a $1.7 billion capital investment that will employ approximately 400 teammates when it is fully operational. It is scheduled to start-up in the fourth quarter of 2022. The new mill is located in the middle of the largest U.S. steel plate-consuming region and will be able to produce 97%
of plate products consumed domestically.
Nucor Corporation is one of the leading American steel production groups. Products are sold to the automotive, household appliance, construction, mechanical, and similar sectors, etc. Net sales break down by activity as follows:
- production of hot and cold rolled steels (66.2%): sheet metals (52.5% of sales), bars (25%), flat products (11.7%) and structural products (10.8%);
- manufacturing of steel products (26.7%): fasteners, girders, beams, precision bands, concrete rounds, wire mesh, metal construction systems, etc.;
- processing and transformation of steel and metal scrap (7.2%). The group is also involved in buying and selling iron alloys and non-ferrous metals.