Steel Mills
Nucor to Build Specialty Cold Mill Complex at its Arkansas Sheet Mill
Written by Sandy Williams
September 20, 2016
It’s official! On Sunday we reported rumored plans of an expansion at Nucor Steel Arkansas and this afternoon the company made a formal announcement. Nucor’s press release follows:
Nucor Corp. announced that it is adding an additional cold mill at its Nucor Steel Arkansas division. The specialty cold mill complex will expand Nucor’s capability to produce advanced high-strength, high-strength low-alloy, and motor lamination steel products. The mill will cost an estimated $230 million to build and is expected to be operational in approximately two years.
“This specialty cold mill complex supports our strategy of moving up the value chain and growing sales to the automotive market,” said John Ferriola, Chairman, Chief Executive Officer and President of Nucor.
“It will bring value to all of Nucor’s sheet mills by expanding our capability to produce advanced high-strength steels and broadening the automotive capability of our galvanized lines at Nucor Steel Decatur and Nucor Steel Berkeley.”
Ducker Worldwide estimates that 4 million tons of advanced high-strength and ultra advanced high-strength steels will be used for the automotive market by 2025. The specialty cold mill complex will give Nucor the capability to produce products the company currently does not make, adding to Nucor’s comprehensive product portfolio and further differentiating Nucor from its competitors as the leader in providing solutions to its customers. Locating the cold mill at Nucor’s sheet mill in Arkansas will give the company a transportation advantage over competitors outside the region currently supplying the local market and the growing Mexican market.
“We are excited to bring this expansion to Arkansas that will enable us to efficiently produce products beyond that of any North American mill,” said MaryEmily Slate, Vice President and General Manager of Nucor Steel Arkansas. “We would like to thank Governor Asa Hutchinson, our local officials and the entire Blytheville community for their support of this project.”
Nucor Steel Arkansas employs 650 teammates. The addition of the specialty cold mill complex is expected to add approximately 100 jobs at an estimated average annual salary of $80,000.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
August US mill shipments slip but still higher than last year
The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.
TransPod, Algoma, Supreme Steel linkup anchors Canadian steel in high-speed transit build
The three Canadian companies have announced a strategic partnership to support the development of an ultra-high-speed transit line from Edmonton to Calgary.
Metallus, USW agree to tentative four-year labor deal
Metallus and the United Steelworkers (USW) have agreed to a tentative four-year labor contract.
ArcelorMittal Dofasco resumes cokemaking after emergency maintenance
The Canadian steelmaker reported on Sept. 30 that “urgent maintenance” was needed in its coke plant off-gas systems. The work required coke oven gas from the No. 2 coke plant to be flared for most of that week.
AISI: Raw steel production ticks back down
US raw steel output declined last week after increasing the week prior, according to the latest data from the American Iron and Steel Institute (AISI). Output has see-sawed from week to week since mid-August. Still, it has remained historically strong over the past four months and has held near multi-year highs since June. Domestic mills […]