Dec. 6, 2017
 
Nucor Selects Missouri for Rebar Micro Mill Project

Nucor Corp., Charlotte, N.C., has selected Sedalia, Mo., as the site for a new rebar micro mill. The micro mill is expected to cost more than $250, with start-up set for 2019.

Nucor’s board of directors initially approved the project in September, noting that the company would choose between Nebraska, Kansas, Missouri, South Carolina and Florida for the site of the new facility. In choosing Missouri, Nucor says the Sedalia micro mill will have a logistical advantage in supplying rebar to the Kansas City, upper Midwest and Plains markets. Sedalia, located about 90 miles from Kansas City, also allows Nucor to take advantage of the area’s abundant scrap supply.

“This rebar micro mill project is consistent with our long-term strategy for profitable growth and builds on our position as a low-cost producer," says John Ferriola, chairman, CEO and president of Nucor. "Strategically positioning this micro mill in the Kansas City area will give us a sustained cost advantage over other domestic steel producers supplying rebar from outside the region."

"Our bar mills have been the foundation of our company, and we believe strategically supplying underserved markets will allow our bar business to continue to generate significant value in the future,” adds Dave Sumoski, executive vice president of merchant and rebar products at Nucor.


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Wednesday, January 17, 2018