Nucor to investment $164 million in New Tube Mill at Kentucky, USA

Specifications:

Name:

Nucor to investment $164 million in New Tube Mill at Kentucky, USA

Location:

Kentucky

Company:

Nucor

Estimated Cost:

$164 million

Source:

nucor.com

Introduction:

Nucor Corporation announced that it will build its new tube mill on the site of its Nucor Steel Gallatin sheet mill in Kentucky.

Features:

This location will allow the Company to take advantage of investments the Company has made to expand capacity of the Gallatin mill and add a galvanizing line.

The $164 million investment project is expected to be in operation by the middle of 2023 and create more than 70 new full-time jobs.

The new tube mill will have the capacity to produce approximately 250,000 tons of hollow structural section (HSS) steel tubing, mechanical steel tubing and galvanized solar torque tube. The Kentucky location puts the new tube mill near expanding solar markets in the U.S. and the largest consuming regions for HSS steel tubing.

NTP consists of eight tubular facilities that are strategically located in close proximity to Nucor's sheet mills as they are a consumer of hot-rolled coil. The NTP Group produces HSS steel tubing, mechanical steel tubing, piling, sprinkler pipe, galvanized tube, heat-treated tubing and electrical conduit. Total annual NTP capacity is approximately 1,365,000 tons.