Nucor board approves funding for new Pacific Northwest rebar micro mill

Nucor announced that the company’s Board of Directors approved $860M 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 construct, subject to regulatory approvals. The new mill will produce a full range of rebar sizes and will have spooling capabilities. Rebar is used primarily in the construction of roads, buildings, and other structures. With the increase in U.S. infrastructure investments, the domestic rebar market is expected to show continued strength.