Steelmaker Nucor to build new Midwest plate mill
Domestic steelmaker Nucor plans to expand with a $1.35 billion plate mill somewhere in the Midwest, the company said this week.
The new mill, which is expected to be fully operational in 2022, would produce 1.2 million tons a year of steel plate products and create about 400 full-time jobs, the company said.
“Tax reform, continued improvements to our regulatory approach and strong trade enforcement are giving businesses like ours the confidence to make long-term capital investments here in the United States,” Chief Executive Officer John Ferriola said in a statement.
More at Reuters.com