Nucor Picks Kentucky for $1.35 Billion Steel Plate Mill
Nucor Corp. will build its new state-of-the-art steel plate mill in Brandenburg, Ky., located along the Ohio River southwest of Louisville. The company will invest approximately $1.35 billion to build the mill, which will be capable of producing 1.2 million tons per year of steel plate products. The project, which was originally announced in January, will create more than 400 full-time jobs at an average annual salary of $72,000.
The plate mill, which is expected to be fully operational in 2022, will give Nucor the ability to produce 97% of the products demanded in the domestic plate market, including specialty higher-margin products. The facility will produce cut-to-length, coiled, heat-treated and discrete plate ranging from 60 to 160 inches wide and in gauges from 3/16 of an inch to 14 inches. The selected location on the Ohio River will give Nucor – which currently operates plate mills in North Carolina, Alabama and Texas – logistical advantages in sourcing raw materials and serving customers throughout the Midwest.
Nucor has two additional investment projects under way at its Gallatin sheet mill in Kentucky. Nucor Steel Gallatin's new galvanizing line will be operational during the second quarter of this year, and its project to increase Gallatin’s hot-rolled coil capacity at expanded widths of up to 73 inches is expected to come online during 2021.