Steel Mills

Nucor Investing $4.4 Million at Decatur Facility
Written by Sandy Williams
March 31, 2016
Nucor plans to invest $4.4 million in its Decatur steel manufacturing plant to upgrade the hot metal pickle line.
On Monday, the Decatur Industrial Development Board approved an abatement of about $117,545 in non-educational state, city and county taxes over a 10-year period for the project.
“We appreciate Nucor’s continued investment in their Decatur operations to remain competitive and retain the well-paying jobs for our citizens,” said Jeremy Nails, president and CEO of the Morgan County Economic Development Association.
Chad Potter, division controller for Nucor Steel Decatur, called the investment a small but important one for Nucor. The new equipment for the pickle line will improve the company’s ability to serve the growing automotive market.
The upgrades will not create any new jobs but are expected to enhance job security for the facility’s 730 employees.
Work on the line is scheduled to begin on Friday and be finished by the end of 2016. Nucor spokeswoman Katherine Miller said the upgrade of the pickle line at the sheet mill will be done during times of routine scheduled maintenance and will not cause any disruption to production or service to customers.
“When the project is completed, our Decatur mill will be able to serve additional sheet markets, including automotive,” said Miller. “This project will allow Nucor Steel Decatur to move up the value chain, which is part of Nucor’s long-term strategy for profitable growth.”

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.

Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.

USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.

SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.

POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.