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Nucor to invest $164 million in tube mill at Midwest

Specifications:

Name:

Nucor to invest $164 million in tube mill at Midwest

Location:

Midwest

Company:

Nucor

Estimated Cost:

$164 million

Source:

nucor.com

Introduction:

Nucor Corporation plans to build a tube mill in the Midwest, the largest consuming region for steel and steel products.

Features:

Products from the new tube mill will capitalize on investments Nucor has already made in the Midwest including a plate mill, galvanizing line and hot roll expansion. The new tube mill is a continuation of Nucor's focus on growth and commitment to sustainability and environmental stewardship.

The $164 million investment project is expected to be in operation in two years.

The new tube mill will have the capacity to produce approximately 250,000 tons of hollow structural section (HSS) tubing, mechanical steel tubing and galvanized solar torque tube, which will increase Nucor's product offerings for construction, infrastructure and renewable energy in the expanding solar market in the United States.