Steel Mills
Nucor Adding Melt Shop to Arizona Bar Mill
Written by Becca Moczygemba
August 3, 2022
While the rest of us are melting from the heat of the sun, Nucor announced it will build a new melt shop at its bar mill in Kingman, Ariz.
The $100 million investment will create approximately 140 new full-time jobs and have the capacity to produce around 600,000 tons a year. Construction is expected to take two years to complete.
“This investment in a new melt shop at our Arizona bar mill is part of our strategy to grow our core steelmaking business and will help us maintain our market leadership position in steel bar production,” said Leon Topalian, president and CEO of Nucor Corporation. “Adding new melt shop capacity will help meet the growing demand for steel bar products in the Western region, which is one of the fastest growing areas in the US”
The Charlotte, N.C.-based steelmaker originally announced its plans to construct a new melt shop back in September 2021, and ultimately decided Kingman was the ideal location.
A plant that currently has about 80 employees, Nucor Steel Kingman is a rolling mill that converts steel billets into coiled wire rod and rebar but currently lacks a melt shop.
Sandra Watson, president and CEO of the Arizona Commerce Authority stated, “Nucor’s new facility will produce quality steel and steel products while maintaining the highest safety and sustainability standards. We are grateful for Nucor’s commitment to Kingman, creating high-wage jobs while driving further economic growth in the area.”
With 15 bar mills around the US and an extensive range of products, Nucor serves a variety of end markets such as agricultural, automotive, construction, energy, furniture, machinery, metal building, railroad, recreational equipment, shipbuilding, heavy truck and trailer. Nucor’s current steel bar production capacity is estimated to be approximately 9.560 million tons per year.
Have some news or just want to chat? Email me!
By Becca Moczygemba, Becca@SteelMarketUpdate.com
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Mills
USS anticipates Q4 loss on weak demand, BR2 start-up
Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 mill, USS is anticipating a loss for the fourth quarter.
Nucor blames steel mills segment for depressed Q4 guidance
Nucor cited decreased volumes and prices in it steel mills segment as the key driver of its lower guidance for the fourth quarter.
SDI warns of lower Q4 profits on weak prices, Butler outage
The Fort Wayne, Ind.-based steelmaker and metal recycler expects Q4'24 earnings guidance in the range of $1.26 to $1.30 per diluted share.
Nucor holds the line on published HR spot price
The steelmaker has kept its weekly consumer spot price for hot-rolled steel sheet unchanged since Nov. 12.
Nippon’s Mori assures USS workers on deal, rebuts USW objections
Nippon Steel addressed a host of objections by the United Steelworkers (USW) related to the Japanese steelmaker’s proposed buy of Pittsburgh-based U.S. Steel.