Nucor Board Approves $860 Million Funding For New Rebar Mill

Nucor Corp said on Wednesday its board had approved $860 million in funding for the construction of a rebar micro mill in the Pacific Northwest, the exact location of which was yet to be decided.

The mill will be Nucor’s largest for steel rebars, with an annual production capacity of 650,000 tons and is expected to be completed in two years, subject to regulatory approvals.

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