According to a number of news reports Nucor is expected to announce plans to open a steel mill in Memphis, Tenn. The Associated Press reports that the steel mill will cost around $225 million, and follows the company’s announcement, earlier this summer, to build a steel mill in the South which would have a capacity of around 850,000 tons of special bar quality products that will be marketed to the automotive, heavy equipment and service center markets.
The company presently owns property and a closed steel facility that it purchased from Birmingham Steel.
In related news, Nucor also broke ground on an expansion of its Decatur, Ala., steel mill. The steel mill expansion will allow the company to produce galvanized sheet steel.
The expansion will cost around $150 million, and when complete the annual capacity will be around 500,000 tons. The expansion project is expected to be complete by the middle of 2008.
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