Nucor Corp.’s board of directors approved a $290 million investment to expand the product capabilities of its Crawfordsville, Indiana, steel sheet mill by adding a construction grade continuous galvanizing line and prepaint line.
This investment will create 80 jobs and is expected to take two years to complete pending permitting, regulatory approvals, the award of state and local incentives and other tax considerations. The mills produce flat-rolled steel for automotive, appliance, construction, pipe and tube and other industrial and consumer applications.
Rex Query, Nucor Corp. executive vice president of sheet and tubular products, said the investment will grow profitability for the company in the Midwest construction region.
“This investment is part of our strategy to grow our core steel businesses and expand our portfolio of value-added products,” Query said.
Nucor operates five sheet mills using thin slab casters and recently announced a sixth, a majority-owned joint venture in California. In September 2021, Nucor announced its plan to build a seventh sheet mill, a 3 million-ton capacity, state-of-the-art facility located in Mason County, West Virginia.
The new construction grade continuous galvanizing line will have a capacity of 300,000 tons per year while the prepaint line will have an annual capacity of 250,000 tons per year. The investment further expands Nucor’s existing galvanizing and prepaint capabilities. Nucor Steel Indiana employs approximately 770.
