Nov. 22, 2017

Nucor to Build Merchant Bar Mill in Illinois

Nucor Corp., Charlotte, N.C., will construct a full-range merchant bar quality mill at its existing bar steel mill in Bourbonnais, Ill. The new MBQ mill is expected to cost $180 million and take approximately two years to complete. Once operational, the mill at Nucor Steel Kankakee will have an annual capacity of 500,000 tons.

"This new MBQ mill is right in line with our long-term strategy for profitable growth,” Nucor President John Ferriola says. “It takes advantage of our position as a low-cost producer to displace tons currently being supplied by competitors outside the region. It also builds on our market leadership position by further enhancing our product offerings of merchant bar, light shapes and structural angle and channel in markets in the central U.S."

The company announced in September that its board of directors approved an expansion at either its Illinois or Ohio merchant bar operations. In choosing the Illinois location, Nucor says it will fully utilize the site’s existing bar mill by optimizing its melt capacity and infrastructure that is already in place. The project will also benefit from the region’s abundant scrap supply and Nucor’s commercial footprint in the Midwest region, the company adds.

"We are very excited to bring new investment and jobs to the Kankakee community and the state of Illinois," says Johnny Jacobs, vice president and general manager at Nucor Steel Kankakee. “Nucor's bar mills have been a cornerstone of our company and, as this project demonstrates, they are an important part of Nucor's future."


December 2017: Two Traits Common to Honored Executives
More...
 
Pause
December 2017: FMA Members Expect to Spend More on Equipment in 2018
More...
Fall 2017: Cutting & Sawing Equipment
More...
Summer 2017
More...
 
Pause
Advanced Controls on Braner Slitters
More...
AHVS Precision Leveler Features Flip-Top Design
More...
Formtek’s Tishken Slitter Increases Production Volume
More...
Red Bud System Handles High-Strength Steels
More...
Bradbury Launches Flat Trak CL Monitoring System
More...
Artus Knives Custom Designed
More...
 
Pause
Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Wednesday, January 17, 2018