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Nucor Corporation to Invest $240 Million to Build Rebar Micro Mill in Florida
Specifications:
Name:
Nucor Corporation to Invest $240 Million to Build Rebar Micro Mill in Florida
Location:
United States
Company:
Nucor Corporation
Estimated Cost:
Source:
Introduction:
Nucor Corporation plans to build a rebar micro mill in Frostproof, Florida, which is located in Polk County.
Features:
This is a $240 million investment and is the second rebar micro mill Nucor is constructing. In November 2017, Nucor announced a rebar micro mill project in Sedalia, Missouri.
Nucor has always focused on growing our business to better serve our customers. We are building this rebar micro mill in a great and growing market where demand is strong and there is currently an abundant supply of scrap, a good portion of which is handled by our scrap business, The David J. Joseph Company, said John Ferriola, Chairman, CEO & President of Nucor Corporation.
The rebar micro mill is expected to employ approximately 250 people and pay an average annual salary of $66,000. The micro mill will have an estimated annual capacity of 350,000 tons and construction is expected to take two years.
Specifications:
| Name | Nucor Corporation |
| Location | Florida |
| Type | Rebar Micro Mill |
| Estimated Cost | $240 Million |
Source: nucor.com
