9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.53 USD USD USD
36.05 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.33 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

Nucor Steel will build new sheet metal plant

N.C.-based Nucor Corporation has announced plans to build a new pipe plant in Kentucky, at the same site of its Charlotte, Gallatin sheet metal factory.

Nucor Steel will build new sheet metal plant
N.C.-based Nucor Corporation has announced plans to build a new pipe plant in Kentucky, at the same site of its Charlotte, Gallatin sheet metal plant. The company announced that it had invested $164 million to build the plant. The plant is expected to become operational in mid-2023, creating around 70 new full-time jobs.
Nucor recently announced its investments in its Gallatin plant, which aims to greatly expand the plant with the addition of a new galvanized line. The Gallatin campus was chosen as the ideal location for the new pipe mill as it could take full advantage of the new galvanized line. The plant will have the capacity to produce about 250,000 tons of hollow structural steel pipes, mechanical steel pipes and galvanized solar torque pipes.
Nucor Corporation's Vice President of Sheet Metal and Pipe Products Rex Query thanked Governor Beshear, Kentucky Cabinet for Economic Development officials, and local officials in Gallatin County for their continued support of the new project.
The new pipe factory will help Nucor better serve its customers in the construction, infrastructure and renewable energy markets. The proximity to the expanding solar markets in the US and the largest consumption zones for HSS steel pipes make this an ideal location.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

EIA process initiated for Tosyalı Denizcilik's port project

Sunday, November 24, 2024

Middle East launches low carbon era in steel

Sunday, November 24, 2024

Green certification becomes mandatory for public buildings

Sunday, November 24, 2024

Japan's crude steel production down 7.8% y-o-y in October

Sunday, November 24, 2024

Borusan Boru announced its third quarter balance sheet for 2024

Sunday, November 24, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now