Steel Mills
Nucor to Build $100 Million Melt Shop at One of Its Western Bar Mills
Written by Michael Cowden
September 21, 2021
Nucor plans to build a new, $100 million melt shop at one of its bar mills in the western United States.
The melt shop is expected to have capacity of 600,000 tons per year and is slated to start up in 2024, the Charlotte, N.C.-based steelmaker said. It is also anticipated to create 140 new, full-time jobs.
“The new melt shop will help us maintain our market-leading position in steel bar production and help us meet anticipated growth for bar products from our customers,” Dan Needham, Nucor’s executive vice president of bar and rebar fabrication products, said in a statement.
Nucor has 15 bar mills in the United States. Three are located near or west of the Rocky Mountains: Nucor Steel Utah in Plymouth, Utah; Nucor Steel Kingman in Kingman, Ariz.; and Nucor Steel Seattle in Seattle, Wash., the company’s website indicates.
Nucor also owns The David J. Joseph Co. (DJJ), one of the largest scrap processors and brokers in the U.S.
DJJ’s holdings on the West Coast and in the Rocky Mountains area include Western Metals Recycling, which is based in Sandy, Utah. Western Metals in addition has a location in Plymouth.
Nucor did not indicate in its press release which of its western bar mills might receive the new melt shop.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
Ternium pushes forward with growth projects despite slump in earnings and Mexican market
Ternium S.A. Fourth quarter ended Dec.31 2024 2023 Change Net sales $3,876 $4,931 -21.4% Net income (loss) $333 $554 -39.9% Per diluted share $1.43 $2.11 -32.2% Full year ended Dec.31 Net sales $17,649 $17,610 0.2% Net income (loss) $174 $986 -82.4% Per diluted share $(0.27) $3.44 -108% (in millions of dollars except per share) While […]
Kestenbaum, Ancora state their case in proxy fight for U.S. Steel
Ancora Holdings is moving forward with its proxy fight to oust U.S. Steel’s leadership and install a new board of directors and Alan Kestenbaum as CEO.
BlueScope shelves midstream facility but still upbeat on US
BlueScope Steel is pulling back on its expansion plans in the US for now but remains optimistic about the North American market.
Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]
Trump says Nippon will ‘invest heavily’ in USS rather than buy it
Nippon Steel has agreed to “invest heavily in U.S. Steel as opposed to own it,” President Donald Trump said on Friday during a press conference with Japanese Prime Minister Shigeru Ishiba. U.S. Steel is “a very important company” and was once “the greatest company in the world”. Of potential foreign ownership of the Pittsburgh-based steelmaker, Trump said, “the concept, psychologically, not good."