Nucor Plans to Build New Tube Mill near Gallatin Sheet Mill in Kentucky | Nucor Plans to Build New Tube Mill near Gallatin Sheet Mill in KentuckyFinancial Buzz

Nucor Plans to Build New Tube Mill near Gallatin Sheet Mill in Kentucky

Nucor Corporation (NYSE: NUE) reported plans to build its new tube mill on the site of its Nucor Steel Gallatin sheet mill in Kentucky.  This will take advantage of investments the company has made to expand capacity of the Gallatin mill and add a galvanizing line.  The USD 164 Million investment project is expected to be operational by mid 2023 and create over 70 new full-time jobs.  “With our recent investments to expand capacity at Nucor Steel Gallatin and add a galvanizing line, our Gallatin campus is an ideal location to build our new tube mill,” said Leon Topalian, President and Chief Executive Officer of Nucor Corporation. “The new tube mill will allow us to better serve our customers in the construction, infrastructure and renewable energy markets.”

“We have found Kentucky to be a great state to grow our business. We would like to thank Governor Beshear, officials with the Kentucky Cabinet for Economic Development, and local officials in Gallatin County for their support of this project and our other investments in the state,” said Rex Query, Executive Vice President of Sheet and Tubular Products for Nucor Corporation.

The new tube mill will have the capacity to produce 250,000 tons of hollow structural section steel tubing, galvanized solar torque tube and mechanical steel tubing. 

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