Nucor Corporation, the largest steelmaker in the USA, has announced that it will be investing around US$250 million to build a steel bar micromill in Sedalia, Missouri, USA. On completion, the plant will create more than 255 high-paying jobs, it is claimed.
The plant will be 90 miles east of Kansas City and is expected to be running in 2019.
John Ferriola, chairman, CEO and president of Nucor said: “This rebar micromill is consistent with our long-term strategy for profitable growth and builds on our position as a low cost producer.”
He said that locating the plant in the Kansas City area will give the company a sustained cost advantage over other domestic steel producers supplying rebar from outside the region. It will also allow the company to take advantage of abundant scrap supply provided by Nucor’s own scrap business.