US-based steel producer Nucor Corporation has announced that it will build a new specialty cold mill complex at its Nucor Steel Arkansas division. The new mill will expand Nucor's capability to produce advanced high-strength, high-strength low-alloy, and motor lamination steel products. The mill will cost an estimated $230 million to build and is expected to be operational in approximately two years.
According to Nucor’s statement, the specialty cold mill complex will give the company the capability to produce products it currently does not make, adding to its comprehensive product portfolio and further differentiating it from its competitors. Locating the cold mill at Nucor's sheet mill in Arkansas will give the company a transportation advantage over competitors outside the region currently supplying the local market and the growing Mexican market. The new mill is expected to add approximately 100 jobs.