Nucor Corp. announced plans on Jan. 7 to build a $1.35 billion steel-plate mill in the United States that would create approximately 400 new jobs.
Nucor’s CEO, John Ferriola, attributed the expansion to President Donald Trump’s policies. Trump pushed through a significant tax cut for business in 2017 and imposed tariffs on foreign steel to protect American manufacturers.
“This administration is taking the decisive and meaningful actions that American manufacturers need to compete on a level playing field,” Ferriola said in a statement.
“Tax reform, continued improvements to our regulatory approach and strong trade enforcement are giving businesses like ours the confidence to make long-term capital investments here in the U.S. that create jobs and ensure our success for decades to come.”
The mill is expected to be fully operational by 2022 with an estimated output of 1.2 million tons of steel-plate products per year. The company expects to select a site for the new mill somewhere in the Midwest early this year.
Story by IVAN PENTCHOUKOV
Nucor to Build New Steel Mill in US, Adding 400 Jobs
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