Nucor's board of directors approved a steel-bar micromill project and announced the company is considering five states for the endeavor: Nebraska, Kansas, Missouri, South Carolina and Florida. Nucor's board of directors also approved the expansion of its existing merchant-bar operations in either Illinois or Ohio. Both the micromill project and the expansion of its merchant-bar operations are part of Nucor's planned strategy for long-term profitable growth. The company's bar mills have generated significant value in the past, and they are expected to generate significant value in the future.