Nucor Board of Directors Approves Funding for New Pacific Northwest Rebar Micro Mill

CHARLOTTE, N.C., Feb. 21, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that the company's Board of Directors approved $860 million to construct a 650,000-tons-per-year rebar micro mill in the Pacific Northwest. This will be Nucor's fourth and largest rebar micro mill, with approximately 50 percent more production capacity than the mill currently under construction in North Carolina. Nucor continues to evaluate potential locations, and the project is expected to take two years to constr ...