US steelmaker Nucor has held a ceremonial ground-breaking for its recycled-steel micro mill in Lexington, North Carolina, which aims to start production by the end of 2024.

The mill represents a $350 million investment and expects to eventually employ 200 workers.

Nucor started hiring earlier this year for the mill, which will produce rebar for construction and other industries.

“All of us are going to be working together, not just to make steel but working together to lead in industrial decarbonization within our country through the use of zero-carbon electricity, and clean recycled steel...''

Leon Topalian, CEO of Nucor

“All of us are going to be working together, not just to make steel but working together to lead in industrial decarbonization within our country through the use of zero-carbon electricity, and clean recycled steel that will provide the solutions that any business needs to ensure that they can decarbonize their own industrial supply chain,” said Leon Topalian, CEO of Nucor.

Nucor first announced its plans for the project in April 2022. At the time, the state Economic Investment Committee approved a Job Development Investment Grant worth an estimated $3.3 million over 12 years if the company meets investment targets and creates at least 180 jobs.

Site preparation is mostly complete, and once constructed, the mill is planned to operate 24 hours a day, seven days a week, depending on market conditions.