The US Southeast gases markets is potentially set to gain from a new $1.35bn steel plant coming on stream in 2022.
Nucor Corporation will build a new steel plate mill in Brandenburg, Kentucky, located along the Ohio River southwest of Louisville. The mill will be capable of producing 1.2 million tonnes per year of steel plate products and is expected to be fully operational in 2022, pending permit and regulatory approvals.
“This strategic investment will enable us to build a clear market leadership position in the US plate market. Kentucky is an excellent location for this mill, right in the centre of America’s largest plate consuming region,” said John Ferriola, Chairman, CEO & President of Nucor Corporation.
“Our acquisition of the Gallatin sheet mill in Ghent, Kentucky five years ago has been a tremendous success, and we are pleased to add a second mill in the state.”
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