Steel Mills
Nucor's New Sheet Mill Could Land in W.Va.: Local Media Reports
Written by Michael Cowden
January 11, 2022
West Virginia is on the cusp of announcing that it has been chosen for the site of Nucor Corp.’s new, $2.7 billion electric arc furnace (EAF) sheet mill, according to local media reports.
The Charlotte, N.C.-based steelmaker said when it announced the project last September that it was considering locations in three states: Ohio, Pennsylvania and West Virginia.
A Nucor spokeswoman did not immediately respond to a request for comment or confirmation on Tuesday, Jan. 11.
West Virginia Gov. Jim Justice could make an official announcement as soon as Wednesday evening during his “State of the State” address, according to The Times West Virginian newspaper.
“I’m certainly willing to confirm there is likely to be a big announcement on that same magnitude… about $2.7 billion,” House Speaker Roger Hanshaw was quoted as saying.
Speculation that West Virginia could land the big, new sheet mill – expected to have capacity of three million tons per year – reached a fevered pitch after West Virginia’s Senate and House held a special session on Monday to consider tax credits and other incentives to attract the project, according to The Wheeling Intelligencer.
Nucor’s new EAF sheet mill is part of a tide of new capacity expected to come online in North America this year and through the next few years.
Commercial operations are expected to begin in 2024, approximately two years after local incentives, permits and other regulatory approvals are received.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.
Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.
AHMSA opens doors to potential buyers as $1.3B asset auction nears
AHMSA is opening its doors to potential buyers to tour its steel plant and mining operations in northern Mexico in preparation for the next stage of its bankruptcy process: the auction of its assets.
USW seeks clarity on USS plans for Granite City Works
The United Steelworkers union has asked U.S. Steel to elaborate on its Granite City Works plans following reports that the steelmaker is ending processing at the facility.
Nucor maintains plate prices, opens October order book
Nucor aims to keep plate prices flat for a seventh straight month with the opening of its October order book.