Steel Products
Second Micro Rebar Mill for Nucor
Written by Sandy Williams
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.”
{loadposition reserved_message}

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products

Rig count dips again in both US and Canada
Oil and gas drilling activity waned in the US and Canada this past week. Ticking own for the second straight week in both regions.

Steel caucus pushes US trade officials to maintain strong S232 program
The bipartisan Congressional Steel Caucus is pushing for US officials to maintain a robust Section 232 program as they negotiate trade deals with America's trading partners.

Active rig count declines in US, Canada
Oil and gas drilling activity slowed in the US and Canada this past week. An unfamiliar trend after both regions saw repeated gains of late.

Plate market buzzes with rumors of secret deals from mills
Carbon steel plate market participants suspect that this week’s modestly softer prices are the result of quietly negotiated prices between plate purchasers and mills.

HR Futures: Forward curve shifts lower, structure maintains
Scraping lower-quartile $800s on nearby futures is bringing limited trading ideas for CME hot-rolled coil (HRC) at present.