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.
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
Nucor Plans to Expand SBQ Production
January 26, 2012