News News

Nucor to set up plate mill in U.S. Midwest for $1.35 billion

Date: 2019-10-21
Views: 1

Steel producer Nucor Corp said on Monday it would spend about $1.35 billion to build a plate mill in the U.S. Midwest, taking advantage of federal tax cuts that has resulted in windfall gains for several companies.


Nucor is also benefiting from higher steel prices for domestic producers due to tariffs imposed on imports by the Trump administration last year.


The new mill, which is expected to be fully operational in 2022, would produce 1.2 million tons a year of steel plate products and create about 400 full-time jobs, the company said.


“Tax reform, continued improvements to our regulatory approach and strong trade enforcement are giving businesses like ours the confidence to make long-term capital investments here in the United States,” Chief Executive Officer John Ferriola said in a statement.


Nucor currently operates plate mills in North Carolina, Alabama and Texas.


Related content
  • Hotspot
  • Newest
  • media
Excon is an exhibition dedicated to the construction equipment and building materials industry in Peru. It occupies a unique position among the professionals in the construction industry in Peru. It a...
2019 - 11 - 11
The wind comes from the sea and the tide surges up the huangpu river.On November 10, the second China international import expo (ciie), which lasted for six days, concluded successfully in Shanghai na...
2019 - 11 - 11
Iron ore shipments to China from Australia’s Port Hedland terminal rose 14 percent in December from a month earlier, port data released on Thursday showed.Iron ore shipments to China from the world’s ...
2019 - 11 - 04
Japan’s crude steel output for the January to March quarter is expected to fall from a year earlier due to troubles at some steel plants, despite steady local demand from automakers and other manufact...
2019 - 10 - 29
Steel producer Nucor Corp said on Monday it would spend about $1.35 billion to build a plate mill in the U.S. Midwest, taking advantage of federal tax cuts that has resulted in windfall gains for...
2019 - 10 - 21
0086-10-59574230
(24 hours national service hotline)
Copyright ©2010 - 2018 BeijingKewei Jianye Steel CO., Ltd.
Rhinoceros cloud provides enterprise cloud services
犀牛云提供云计算服务
Follow Us:
X
6

二维码管理

1

QQ设置

5

电话号码管理

  • 4006-971-972
3

SKYPE 设置

4

阿里旺旺设置

等待加载动态数据...

等待加载动态数据...

等待加载动态数据...

等待加载动态数据...

展开