Nucor eyes expansion as DRI unit progresses

Apr 20, 2012 | 01:42 PM | Anne Riley

Tags  Nucor, direct reduction plant, St. James, Parish, La., direct reduced iron, DRI, steel pig iron metallics

NEW YORK — Nucor Corp. continues to evaluate the possibility of building as many as four direct-reduced iron (DRI) units as well as a potential blast furnace and other facilities at the site of its in-development DRI operation in St. James Parish, La., the company’s top executives said Thursday.

The Charlotte, N.C.-based steelmaker, which is slated to bring its first 2.5-million-tonne-per-year DRI unit online there in mid-2013, is permitted to build a second DRI plant of the same size on the site.

"The initial part of our strategy will be to build the first one and then to build the second. Exactly when we start building the second has not been determined. It could be as early as while we’re still starting up the first one," chairman and chief executive officer Daniel DiMicco told investors on a conference call.....

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