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    Market Segment

    October 20, 2022

    Nucor Gallatin's Full Run Rate Pushed Back to Q1’23

    Written by David Schollaert

    Nucor Corp.’s $650 million expansion project at Nucor Steel Gallatin in Ghent, Ky., will not reach its nameplate capacity of 3 million tons per year by the end of the year, Leon Topalian, Nucor’s chair, president, and CEO, said on an earnings conference call with analysts on Thursday, Oct. 20.

    Nucor“The ramp-up at Nucor Steel Gallatin continues to progress,” he said. “Although we anticipated a full run rate production by the end of this year, we now expect that this will occur in the first quarter of 2023.”

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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