Nucor Corp plans to build a $250 million reinforcing bar micro-mill near Kansas City, Missouri. It will be located in Sedalia, Missouri, about 90 miles east of Kansas City, and is scheduled to start production in 2019.
Strategically positioning this micro-mill in the Kansas City area will give us a sustained cost advantage over other domestic steel producers supplying rebar from outside the region, Nucor chairman, president and chief executive officer John Ferriola said in a statement.
The Charlotte, North Carolina-based steelmaker has also decided to build a micro-mill in the southeastern US, said Dave Sumoski, Nucors executive vice president of merchant and rebar products. Our bar mills have been the foundation of our company, and we believe strategically supplying underserved markets will allow our bar business to continue to generate significant value in the future.