• Skip to main content

    Market Segment

    August 29, 2023

    Nucor Breaks Ground on N.Carolina Rebar Micro Mill

    Written by Ethan Bernard

    Nucor broke ground on its newest micro mill in Lexington, N.C., on Friday.

    “This mill will be one of the most energy-efficient mills in the world and will make 100% recycled rebar to support tomorrow’s infrastructure,” the company said in a post on LinkedIn.

    “With a projected economic impact of $2 billion in the area over the next decade, we’re committed to the growth and sustainability of the region,” the Charlotte, N.C.-based steelmaker added.

    Also present were North Carolina Gov. Roy Cooper, Congressman Dan Bishop (R., N.C.), and Davidson county commissioner Todd Yates.

     The Nucor Steel Lexington mill is expected to cost ~$350 million and have an annual capacity of 430,000 tons of rebar, employing ~200 full-time workers, the company said in an earlier press release from 2022.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

    Read more from Ethan Bernard

    Latest in Market Segment

    USW, USS, and Cliffs extend labor talks for 30 days, avert work stoppage

    The United Steelworkers (USW) union, U.S. Steel, and Cleveland-Cliffs on Monday agreed to extend the terms of their current labor contracts by 30 days. The current basic labor agreements between the USW and the two steelmakers had been scheduled to expire at 12:01 a.m. ET on Sept. 1. The extension allows the USW and the companies to continue negotiations. It also averts the immediate threat of a strike or lockout in a steel market already characterized by historically tight supplies.