Steel Mills
Nucor To Modernize Alabama Plate Mill
Written by David Schollaert
November 17, 2023
Nucor Corp. has announced a $280-million investment to modernize its plate mill in Tuscaloosa, Ala.
The move will enable the Charlotte, N.C.-based steelmaker to “strengthen” Nucor Steel Tuscaloosa’s “ability to serve key market segments” in line with its overall Plate Mill Group strategy, it said in a statement on Friday, Nov. 17.
The investment has been approved by the board of directors, Nucor said.
“We continuously invest in our teammates and facilities where we see opportunities to create value for our customers. This modernization project will bolster the plate group’s position as the most diverse and comprehensive product mix in the industry,” commented Al Behr, Nucor’s EVP for Plate and Structural Products.
Nucor’s Plate Mill Group has an annual capacity of approximately 3 million tons of cut-to-length and discrete plate, the company said. Its plate production facilities include Cofield, N.C., Brandenburg, Ky., and Tuscaloosa.
“The modernization and upgrade of the rolling mill at Tuscaloosa is an important investment that will keep our mill competitive in the global steel industry and open up new market opportunities for our team,” said Brian Phillippi, Nucor’s VP and GM of Nucor Steel Tuscaloosa.
The steelmaker produces plate for several military and manufacturing applications including construction, heavy equipment, mining, energy, infrastructure, oil and gas, and transportation.
David Schollaert
Read more from David SchollaertLatest in Steel Mills
USS/Nippon deal: Who will have the happiest holidays?
Will Santa bring gifts for the leadership, employees, and shareholders of U.S. Steel and Nippon Steel, and lumps of coal for USW leadership and politicians opposed to the deal?
‘Orderly liquidation’ of AHMSA assets begins
A trustee has formally taken over AHMSA and begun the liquidation process of the bankrupt Mexican steelmaker.
Nippon buying stake in Canadian iron ore project
Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.
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.