9,915.62 TRY BIST 100 BIST 100
4.51 CNY CNY CNY
34.89 EUR EUR EUR
32.51 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
44.70 TRY Interest Interest
89.50 USD Fossil Oil Fossil Oil
27.20 USD Silver Silver
4.58 USD Copper Copper
119.16 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,438.11 TRY Gold (gr) Gold (gr)

Nucor laid the foundation for a $290 million expansion

Electric arc furnace (EAF) steel producer Nucor laid the foundations on Friday for the long-awaited expansion of its flat steel factory in Crawfordsville, Indiana.

Nucor laid the foundation for a $290 million expansion

North Carolina-based Nucor Corp. will lay the foundation for a $290 million expansion of its steel sheet plant in Crawfordsville on Friday. The company says the expansion will create 80 full-time jobs in addition to increased production capacity.

Expansion plans were first detailed in February 2022. Nucor plans to add a construction-grade galvanizing line with an annual steel capacity of 300,000 tons, as well as an annual pre-painting line with a capacity of 250,000 tons.

The Crawfordsville plant produces flat-rolled steel for automotive, appliance, construction, and other industrial and consumer applications.

When the project was first announced, Nucor Executive Vice President of Plate and Pipe Products Rex Query said the expansion would increase the company's profitability in the Midwest and expand its pre-painting footprint.

Indiana Governor Eric Holcomb attended the groundbreaking ceremony with local officials and Nucor executives.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Kroman Çelik reapplied for the cancelled project

Thursday, April 25, 2024

Brazil is increasing import duties!

Friday, April 26, 2024

Wu'an Xin Feng is planning to build a hot rolled coil facility in Egypt

Saturday, April 27, 2024

Germany experienced a decrease in steel sales for March

Friday, April 26, 2024

Decision of unpaid capital increase from Kocaer Steel!

Friday, April 26, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now