Steel Mills
Nucor's New Sheet Mill Could Land in W.Va.: Local Media Reports
Written by Michael Cowden
January 11, 2022
West Virginia is on the cusp of announcing that it has been chosen for the site of Nucor Corp.’s new, $2.7 billion electric arc furnace (EAF) sheet mill, according to local media reports.
The Charlotte, N.C.-based steelmaker said when it announced the project last September that it was considering locations in three states: Ohio, Pennsylvania and West Virginia.
A Nucor spokeswoman did not immediately respond to a request for comment or confirmation on Tuesday, Jan. 11.
West Virginia Gov. Jim Justice could make an official announcement as soon as Wednesday evening during his “State of the State” address, according to The Times West Virginian newspaper.
“I’m certainly willing to confirm there is likely to be a big announcement on that same magnitude… about $2.7 billion,” House Speaker Roger Hanshaw was quoted as saying.
Speculation that West Virginia could land the big, new sheet mill – expected to have capacity of three million tons per year – reached a fevered pitch after West Virginia’s Senate and House held a special session on Monday to consider tax credits and other incentives to attract the project, according to The Wheeling Intelligencer.
Nucor’s new EAF sheet mill is part of a tide of new capacity expected to come online in North America this year and through the next few years.
Commercial operations are expected to begin in 2024, approximately two years after local incentives, permits and other regulatory approvals are received.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
Steel Summit: Schneider sees SDI ‘on the edge of a very good run’
Steel Dynamics Inc. (SDI) President and Chief Operating Officer, Barry Schneider, remains bullish about the Fort Wayne, Ind.-based steelmaker’s position in the current market.
Steel Summit: Burritt says USS and Nippon are fast-tracking modern steelmaking
U.S. Steel President and CEO David Burritt told audiences at SMU's Steel Summit 2025 that the iconic American steelmaker’s partnership with Nippon Steel is fast-tracking smarter steel production.
Nucor moves to stop HRC price slide with $10/ton hike
Nucor is attempting to halt the decline in hot-rolled coil prices with the announcement of a $10-per-short-ton increase in its weekly consumer spot price on Monday.
Explosion rocks ArcelorMittal’s DR plant in Mexico
ArcelorMittal reported a "strong" explosion at the direct reduction part of its massive Lazaro Cardenas mill in Mexico.
SDI to acquire remaining stake in New Process Steel
Steel Dynamics Inc. (SDI) announced that it has agreed to acquire the remaining 55% equity interest in New Process Steel.