The board of Nucor Corporation in the USA has approved a new $240 million galvanising line with an annual capacity of approximately 500kt.

According to Nucor the new line will support the company’s growth into a wider and more diverse set of strategic end-market applications and will be operational in the first half of 2021.

John Ferriola, chairman, CEO and president of Nucor Corporation, said: “We are building one of the most modern and efficient steel mills in the world.” He added that the line, coupled with a new speciality cold mill complex, will allow the company to ‘efficiently produce products beyond the capability of any North American mill’. It will also give the plant the flexibility to meet current and future demand for advanced high strength steel (AHSS) products, he said.