SMU Data and Models
Nucor Launches Exclusive Offshore Wind Energy Plate
Written by David Schollaert
January 22, 2023
Nucor Corp. has introduced its new sustainable, heavy-gauge steel plate “Elcyon.” The product will be made exclusively for the US offshore wind energy sector, and will be manufactured at Nucor’s new $1.7-billion ultramodern plate mill in Brandenburg, Ky.
“By launching Elcyon at Brandenburg we have effectively created the first domestic supply chain of sustainable steel for our nation’s offshore wind energy industry,” Nucor chair, president, and CEO Leon Topalian said in a statement on Thursday, Jan. 19.
The Charlotte, N.C.-based steelmaker said the new mill will utilize Thermo-Mechanical Controlled Processing (TMCP) to produce one-of-a-kind steel made specifically to meet the rigorous quality standards of offshore wind energy designers, manufacturers, and fabricators.
In addition to meeting Euronorm specs, Elcyon has larger plate dimensions, improved weldability, and excellent fracture toughness vs. competing products, the steelmaker said. Nucor will offer Elcyon in a wide range of plate grades and sizes to meet their customers’ unique needs and specifications.
The company looks to capitalize on what it anticipates being roughly 7.5 million tons of new steel demand because of the $300 billion for clean energy development and climate programs included in the recently passed Inflation Reduction Act.
Elcyon will be an essential component of the supply chain to continue developing America’s offshore wind power infrastructure, Nucor said.
“As demand for alternative energy sources like offshore wind continues to grow and manufacturers push for larger turbines, Elcyon’s larger and thicker plate sizes will help the United States become a leader in offshore wind production,” said Topalian.
The ultramodern mill can produce 97% of plate products consumed domestically and is centrally located in the country’s largest steel plate-consuming region. Also of note is Nucor’s pursuit of LEED v4 for Building and Design certification for its new plate mill. This certification even more rigorous than previous LEED rating systems, within categories of sustainable performance, climate change, and third-party transparency and reporting requirements.
“We continue to invest and build the recycled steel facilities that will help make our clean energy future a reality,” said Johnny Jacobs, VP, and GM of Nucor Steel Brandenburg. “Our Elcyon steel plate is another example of Nucor’s commitment to sustainability and our focus on providing a differentiated value proposition by making products that no one else is making.”
By David Schollaert, David@SteelMarketUpdate.com

David Schollaert
Read more from David SchollaertLatest in SMU Data and Models

SMU Survey: Buyers’ Sentiment rebounds from multi-year low
Both of SMU’s Steel Buyers’ Sentiment Indices edged higher this week. Current Sentiment rebounded from a near five-year low, while Future Sentiment rose to a two-month high

SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.

SMU Survey: Sheet lead times pull back after early-June blip, plate holds
Following the uptick seen two weeks ago, lead times eased this week for all four sheet products tracked by SMU, while plate lead times held steady, according to this week’s market survey.

SMU Survey: Pricing power abruptly shifts to steel buyers
The majority of steel buyers responding to our latest market survey say domestic mills are more willing to talk price on sheet and plate products than they were earlier this month. Sheet negotiation rates rebounded across the board compared to early June, while our plate negotiation rate hit a full 100%.

Service centers: Mill orders down marginally in May
SMU’s Mill Order Index (MOI) declined for a third straight month in May, but only marginally.