Nucor Corp. plans to restart steel-bar production at its previously idled rolling mill in Kingman, Ariz. The company expects to spend approximately $30 million on the capital improvements necessary to restart production. Nucor acquired North Star Steel’s idled Kingman steel mill in 2003 and held the rolling-mill assets available for restart when market conditions warranted. Growing demand in the southwestern U.S. market has prompted the restart. With Kingman’s rolling operations expected to begin by the second quarter of 2009, Nucor is projecting the initial output of straight-length rebar, coiled rebar and wire rod to be about 250,000 tons. The Kingman mill will have the capability to increase annual production to more than 500,000 tons.
Nucor’s wholly owned subsidiary, The David J. Joseph Co. (DJJ), has completed the acquisition of the American Compressed Steel operations of Secondary Resources Inc. Based in Kansas City, Mo., American Compressed Steel operates facilities there and in St. Joseph and Sedalia, Mo. DJJ will operate the scrap-processing facilities under the name Advantage Metals Recycling.
Nucor to Restart Kingman Bar Mill
August 28, 2008