Charlotte-based Nucor Corporation is expanding its presence in North Carolina, announcing plans to invest $350 million in a new rebar micro mill in Davidson County.
The Lexington mill will be Nucor’s third rebar micro mill, joining existing Nucor micro mills in Missouri and Florida. The Nucor Steel Lexington mill is expected to have an annual capacity of 430,000 tons.
The mill will employ approximately 200 full-time teammates when operational and create an additional 500 temporary jobs during construction, which is expected to take two years pending permit and regulatory approvals.
“We are very excited to grow our steel business here in our home state of North Carolina,” Leon Topalian, president and CEO of Nucor, said. “The corridor between Washington, D.C., and Atlanta is one of the fastest-growing regions in our nation, and new federal spending for infrastructure will further increase demand for rebar in the region. Nucor Steel Lexington will produce steel with nearly 100% recycled content, which means our new, modern infrastructure will be made with the most sustainable steel available anywhere in the world.”
Rebar is used primarily in concrete reinforcement for the construction of roads, buildings, bridges and other structures. Nucor produces steel by recycling scrap metal into new steel products, making the company one of the most sustainable steel producers in the world. Nucor steel bar products contain 97% recycled content.
Nucor has operated its corporate headquarters in Charlotte since 1966. The company directly and through affiliates employs approximately 800 teammates in the state, including a steel plate mill in Hertford County, a Harris Rebar fabrication facility in Lumberton and three scrap recycling facilities, which will provide raw materials for the new mill.
Copyright: NUCOR
