Charlotte-based Nucor plans $1.35B steel plant in the Midwest

Nucor Corp. is scouting locations in the Midwest for a $1.35 billion plate-steel mill. Nucor (NYSE: NUE) says the plant will employ 400 and be capable of producing $1.2 million tons of steel a year. The Charlotte-based steel company expects the plant to start operating in 2022. With investments already announced, this puts Nucor’s total construction and expansion plans at more than $3.5 billion.The company says it is looking at sites in Indiana, Kentucky, Ohio and West Virginia. Charlotte Business Journal


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Shelly Jo Jacobs

Author: Shelly Jo Jacobs