Product

Second Micro Rebar Mill for Nucor

March 12, 2018

Nucor will add another rebar micro mill to its portfolio. On Monday, the company announced it will build a $240 million micro mill in Frostproof, Fla. This is the second rebar micro mill project Nucor has committed to in the past five months. In November, the company announced it will build a rebar micro mill in Sedalia, Mo.

The micro mill will have an estimated annual capacity of 350,000 tons and is expected to be completed in two years, pending permit and regulatory approvals. Approximately 250 jobs will be added at an average annual salary of $66,000.

“Nucor has always focused on growing our business to better serve our customers. We are building this rebar micro mill in a great and growing market where demand is strong and there is currently an abundant supply of scrap, a good portion of which is handled by our scrap business, The David J. Joseph Company,” said John Ferriola, Chairman, CEO & President of Nucor Corp.

“Identifying the right location is an essential part of our rebar micro mill strategy, and this part of central Florida met all the criteria we evaluate,” said Dave Sumoski, Executive Vice President of Merchant and Rebar Products. “We look forward to becoming a member of the community.”

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