Nucor Corp. agreed to acquire Joy Global’s steel plate mill in Longview, Texas, for approximately $29 million. The facility produces carbon and alloy plate products with heat-treating capabilities and has an annual capacity of 180,000 tons. The mill produces specialty plate products that can range from 1-12 inches thick and up to 138 inches wide. Approximately 140 non-unionized teammates work at the Longview mill. According to Nucor, the Texas mill complements the capabilities of its two existing plate mills in North Carolina and Alabama, which have a combined capacity of 2.9 million tons per year. The existing mills produce plate for manufacturers of barges, bridges, heavy equipment, ships, wind towers, armor and other markets.
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