CHARLOTTE, N.C. — Nucor Corporation announced that it will build its new tube mill on the site of its Nucor Steel Gallatin sheet mill in Kentucky. This location will allow the Company to take advantage of investments the Company has made to expand capacity of the Gallatin mill and add a galvanizing line. The $164 million investment project is expected to be in operation by the middle of 2023 and create more than 70 new full-time jobs.
“With our recent investments to expand capacity at Nucor Steel Gallatin and add a galvanizing line, our Gallatin campus is an ideal location to build our new tube mill,” said Leon Topalian, President and Chief Executive Officer of Nucor Corporation. “The new tube mill will allow us to better serve our customers in the construction, infrastructure and renewable energy markets.”
The new tube mill will have the capacity to produce approximately 250,000 tons of hollow structural section (HSS) steel tubing, mechanical steel tubing, and galvanized solar torque tube. The Kentucky location puts the new tube mill near expanding solar markets in the U.S. and the largest consuming regions for HSS steel tubing.
“We have found Kentucky to be a great state to grow our business. We would like to thank Governor Beshear, officials with the Kentucky Cabinet for Economic Development, and local officials in Gallatin County for their support of this project and our other investments in the state,” said Rex Query, Executive Vice President of Sheet and Tubular Products for Nucor Corporation.
Nucor’s Tubular Products (NTP) Group was formed in late 2016 when Nucor entered the tube market with the acquisitions of Independence Tube Corporation, Southland Tube, Inc., and Republic Conduit. Today, NTP consists of eight tubular facilities that are strategically located in close proximity to Nucor’s sheet mills as they are a consumer of hot-rolled coil. The NTP Group produces HSS steel tubing, mechanical steel tubing, piling, sprinkler pipe, galvanized tube, heat-treated tubing and electrical conduit. Total annual NTP capacity is approximately 1,365,000 tons.
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