Nucor Corporation
announced plans for the continued expansion of its special bar quality (SBQ)
production capabilities over the next two years. The company approved $290 million for projects to be completed
at its Memphis,
Tenn., Norfolk,
Neb., and Darlington,
S.C., steel mills that will expand SBQ and wire-rod capacities by a
combined 1 million tons. These capital plans also include investments in
state-of-the-art quality inspection capabilities necessary to ensure the
highest qualities for the most demanding engineered-bar applications.
Engineering
studies have been finalized, and Nucor expects to complete each of the projects
by the end of 2013. Charlotte, N.C.-based Nucor continues to see strength in
the engineered-bar markets, driven by energy, automotive, heavy-truck and heavy-equipment manufacturers. The company also believes that manufacturing growth in
the U.S. will allow SBQ markets to continue to grow over the next several
years.
Nucor Plans to Expand SBQ Production
January 26, 2012
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