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

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."