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.
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