Nucor Corporation, in a strategic move, has announced the reorganization of its plate group, entailing the cessation of production at Nucor Steel Longview, located in Texas. All the dedicated members of Nucor Steel Longview will be presented with lucrative employment prospects within other divisions of Nucor.
Acquired by Nucor in 2016 at an estimated cost of $29 million, the mill specializes in the production of weighty steel plate and possesses an annual capacity of 100,000 net tons.
The assets housed at the Longview facility will be meticulously assessed and redeployed to Nucor's other mills, wherever deemed suitable
Anticipating a phased-out production transition in the upcoming third quarter of this year, Nucor plans to transfer operations to its remaining plate mills, including the cutting-edge plate mill situated in Brandenburg, Kentucky, which commenced its operations earlier this year.
The Brandenburg mill is designed to fabricate individual, coiled, and thermally treated plates, spanning a width range of 60 to 168 inches and encompassing gauges between 3/16 of an inch to 14 inches.