Steel Mills
Nucor To Build Two New Tower Plants
Written by Becca Moczygemba
December 15, 2022
Nucor is planning to build two new tower production plants, evaluating locations in the Midwest and Southeast.
The Charlotte, N.C.–based steelmaker announced the plans to build two new state-of-the-art tower production plants as part of its Nucor Towers and Structures division.
The towers and structures business unit was formed after the company’s acquisition of Summit Utility Structures LLC, a metal pole and steel structure manufacturer located in eastern Pennsylvania.
Each of the facilities is expected to be highly automated and efficient and will include “advanced hot-dip galvanizing operations.”
Previously, Nucor’s chair, president and CEO Leon Topalian expressed a desire to become more than “just a steelmaker.”
“The growth of Nucor Towers and Structures is further execution of our strategy,” he said in a statement Dec. 15.
With an increasing demand for utility infrastructure being driven by population growth, renewable energy projects, and an aging grid, establishing new facilities will allow the company to deliver its services nationwide.
The company’s current location mainly serves customers in the Northeast.
Additionally, Nucor expects to see an increased demand for utility infrastructure from the Inflation Reduction Act (IRA). The IRA contains an energy infrastructure reinvestment program worth $5 billion through Sept. 30, 2026.
“Towers and Structures adds a new dimension to our arsenal of value-added downstream products, and furthers our team’s commitment to exceptional customer service, market-leading quality and reliability,” said Chad Utermark, executive vice president of new markets and innovation.
By Becca Moczygemba, Becca@SteelMarketUpdate.com
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Mills
Nucor lowers 2024 output estimate for Brandenburg plate mill
Nucor has lowered the 2024 production estimate for its Brandenburg, Ky., plate mill due to soft market conditions.
SSAB adjusts output in weak Q3, readies for Q4 rebound
SSAB said lower plate prices in the US were the primary reason for reduced results in the second quarter. With a dismal Q3 outlook, the Swedish steelmaker is adjusting production across its facilities. That includes moving up its annual US mill outage in anticipation of a better Q4. SSAB Americas Revenues in the Americas segment […]
Topalian puts focus on “unfair” trade, eyes USMCA partners
Nucor’s top executive expressed concerns over unfair trade practices, highlighting increased steel imports from Mexico and Canada.
Cliffs sees close of Stelco buy, bottom to steel tags, and Mexico out of USMCA
Cleveland-Cliffs expects its acquisition of Canada’s Stelco to close later this year, which will help the the Cleveland-based steelmaker as a bottom to steel tags nears.
Nucor posts lower Q2 earnings, predicts tough Q3 too
Nucor recording lower second quarter earnings on falling steel prices. And the Charlotte, N.C.-based predicted that profits would be lower still in the third quarter, primarily because of weaker results from its steel mills divisions.