Nucor Steel, the biggest competitor to US Steel and Cleveland-Cliffs, has produced its first steel plate at a new $1.7 billion plant in Kentucky.
The nation's largest steelmaker by production, expects to fully commission its new state of the art Nucor Steel Brandenburg heavy plate plant in Brandenburg, Kentucky, by the end of the first quarter of this year.
"Congratulations to our over 400 employees for achieving this milestone and running one of the safest plants in Nucor's history and delivering the project on time and on budget," said Leon Topalian, Chairman, President and CEO of Nucor. Corp. “We look forward to supplying not only the highest quality steel, but also the world's most environmentally friendly heavy plate for our national military, infrastructure, heavy equipment, offshore wind power and other markets.”
Nucor has invested 1, $7 billion to build a plant that can produce 1.2 million tons of steel per year. 97% of steel products produced will be shipped to consumers in the USA. It will be the only steel mill in the United States, and one of the few in the world, capable of producing heavy plate used to make monolithic foundations for offshore wind towers.
Nucor expects the federal target to build an offshore wind farm by 2030 30 gigawatts could lead to an increase in steel demand by 7.5 million tons.