Sources: Nucor Corp., Charlotte, N.C.; CP staff
Nucor directors have approved investment of up to $350 million for construction of a rebar micro mill to be located in the South Atlantic region. The facility will join sister Missouri and Florida rebar micro mills, both of which began operations in 2020, and be equipped with spooling capability—a feature affording rebar fabricators handling economy and waste reduction.
“We believe the East Coast market will be in need of additional rebar supply in the coming years, particularly with the recent passage of the infrastructure spending bill,” says Nucor CEO Leon Topalian. “Rebar has been a core business since we got into steelmaking and this project will enable us to maintain our leadership position in the rebar market.”
Due to the variety of its end uses, he adds, concrete reinforcing steel has had resilient demand characteristics over the last 20 years, and the rebar market is expected to show continued strength. Most of the rebar used in the U.S. is produced domestically, and imports have decreased in recent years due to strong enforcement of trade agreement terms. Nucor has concrete reinforcing product capacity at 15 bar mills strategically located across the United States.