US steel maker Nucor Corporation announced that its board of directors has approved a USD 290 million investment to expand the product capabilities of its Crawfordsville Indiana steel sheet mill by adding a construction grade continuous galvanizing line and prepaint line. The construction grade continuous galvanizing line will have a capacity of 300,000 tons per year while the prepaint line will have an annual capacity of 250,000 tons per year. This investment is expected to take two years to complete pending permitting, regulatory approvals, the award of state and local incentives and other tax considerations.This investment further expands Nucor's existing galvanizing and prepaint capabilities, which include recently added continuous galvanizing lines at its sheet mills in Arkansas and Kentucky, and the acquisition of a prepaint line at its Arkansas sheet mill.Nucor Steel Indiana was Nucor's first steel sheet mill, starting operations in 1989. The Crawfordsville mill is where Nucor pioneered electric arc furnace thin-slab casting. Since this breakthrough, Nucor has continued to invest in advanced sheet steel products and technologies. Nucor operates five strategically located sheet mills that utilize thin slab casters and recently announced adding a sixth sheet mill, a majority-owned joint venture in California. These mills produce flat-rolled steel for automotive, appliance, construction, pipe and tube and many other industrial and consumer applications. In September 2021, Nucor announced its plan to build a seventh sheet mill, a three-million-ton capacity state-of-the-art facility that will be located in Mason County, West Virginia, to serve the country's largest steel consuming regions, the Midwest and the Northeast.
US steel maker Nucor Corporation announced that its board of directors has approved a USD 290 million investment to expand the product capabilities of its Crawfordsville Indiana steel sheet mill by adding a construction grade continuous galvanizing line and prepaint line. The construction grade continuous galvanizing line will have a capacity of 300,000 tons per year while the prepaint line will have an annual capacity of 250,000 tons per year. This investment is expected to take two years to complete pending permitting, regulatory approvals, the award of state and local incentives and other tax considerations.This investment further expands Nucor's existing galvanizing and prepaint capabilities, which include recently added continuous galvanizing lines at its sheet mills in Arkansas and Kentucky, and the acquisition of a prepaint line at its Arkansas sheet mill.Nucor Steel Indiana was Nucor's first steel sheet mill, starting operations in 1989. The Crawfordsville mill is where Nucor pioneered electric arc furnace thin-slab casting. Since this breakthrough, Nucor has continued to invest in advanced sheet steel products and technologies. Nucor operates five strategically located sheet mills that utilize thin slab casters and recently announced adding a sixth sheet mill, a majority-owned joint venture in California. These mills produce flat-rolled steel for automotive, appliance, construction, pipe and tube and many other industrial and consumer applications. In September 2021, Nucor announced its plan to build a seventh sheet mill, a three-million-ton capacity state-of-the-art facility that will be located in Mason County, West Virginia, to serve the country's largest steel consuming regions, the Midwest and the Northeast.
