Nucor Corporation Plans to Invest $280 million to Modernize its Steel Plate Mill in Tuscaloosa, Alabama

Specifications:

Name:

Nucor Corporation Plans to Invest $280 million to Modernize its Steel Plate Mill in Tuscaloosa, Alabama

Location:

Tuscaloosa, Alabama

Company:

Nucor Corporation

Estimated Cost:

$280 million

Source:

https://nucor.com/

Introduction:

Nucor Corporation announced that the company's Board of Directors approved $280 million to modernize its steel plate mill in Tuscaloosa, Alabama.

Features:

The investment will enable Nucor Steel Tuscaloosa to strengthen its ability to serve key market segments that are part of the overall Plate Mill Group strategy. Comprised of three production facilities located in Hertford County, North Carolina, Brandenburg, Kentucky and Tuscaloosa, Alabama, Nucor's Plate Mill Group has an annual capacity of approximately 3 million tons of cut-to-length and discrete plate.

Nucor produces plate for military applications and for manufacturers of barges, bridges, heavy equipment, rail cars, refinery tanks, ships, wind towers and other items that are primarily used in the pipe and tube, pressure vessel, transportation and construction industries.