Nucor Corporation announced that it will build a new rebar micro mill in Lexington, North Carolina, which is located in Davidson County. This will be Nucor’s third rebar micro mill, joining existing Nucor micro mills in Missouri and Florida. The Nucor Steel Lexington mill is expected to cost approximately $350 million and have an annual capacity of 430,000 tons. The mill will employ approximately 200 full-time teammates when operational and create an additional 500 temporary jobs during construction, which is expected to take two years pending permit and regulatory approvals.
Rebar is used primarily in concrete reinforcement for the construction of roads, buildings, bridges and other structures. Nucor produces steel by recycling scrap metal into new steel products, making the Company one of the most sustainable steel producers in the world. Nucor steel bar products contain 97% recycled content.
Nucor has 15 bar mills strategically located across the United States that manufacture a broad range of steel products, including concrete reinforcing bars, hot-rolled bars, rounds, light shapes, structural angles, channels, wire rod and highway products in carbon and alloy steels. Four of the bar mills have a significant focus on manufacturing SBQ and wire rod products. Steel produced by Nucor bar mills serves numerous end-use markets, including the agricultural, automotive, construction, energy, furniture, machinery, metal building, railroad, recreational equipment, shipbuilding, heavy truck and trailer market segments. Nucor’s steel bar production capacity is estimated at approximately 9,560,000 tons per year.
Nucor has operated its corporate headquarters in Charlotte, North Carolina since 1966. The Company directly and through affiliates employs approximately 800 teammates in the state, including a steel plate mill in Hertford County, a Harris Rebar fabrication facility in Lumberton and three scrap recycling facilities, which will provide raw materials for the new mill.
Courtesy of Nucor.