Market Segment
August 30, 2022
Nucor Steel Berkeley to Receive Air Separation Unit
Written by Becca Moczygemba
Nucor Corporation plans to install an air separation unit at its Huger, South Carolina facility. The investment was announced as a contribution to the mill modernization undertaking.
The air separation unit (ASU) will supply industrial gases for steelmaking operations. Currently, Nucor Steel Berkeley is under a long-term agreement for its industrial gas supply. However, the new ASU will be operated by UIG LLC, a wholly owned subsidiary of Nucor.
“Nucor acquired UIG in 2019 so that we would have the capability to build and operate our own air separation units, giving us an alternative to long term service contracts with outside providers,” stated Mike Lee, vice president and general manager of Nucor Steel Berkeley.
Over a five-year period, Nucor Corporation will invest a total of $200 million to modernize its facilities. A grant was issued by the South Carolina Department of Commerce Coordinating Council for Economic Development, and an additional grant was provided by Santee Cooper, the state’s utility provider. The company is also in a fee-in-lieu of tax agreement with Berkeley County.
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By Becca Moczygemba, Becca@SteelMarketUpdate.com
