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Nucor Corporation to Invest $240 Million to Build Rebar Micro Mill in Florida

Nucor Corporation to Invest $240 Million to Build Rebar Micro Mill in Florida

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

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