US-based steel producer Nucor Corporation has announced that it has approved an investment of $650 million to expand the production capability of Nucor Steel Gallatin, its flat-rolled sheet steel mill located in Ghent, Kentucky. The investment will increase the production capability from 1.6 million mt to approximately three million mt annually. The project is expected to create 70 full-time jobs.
According to the company’s statement, this expansion complements the $176 million investment currently underway to construct a hot band continuous pickle galvanizing line at Nucor Steel Gallatin, which is expected to be operational in the first half of 2019 and will have an annual production capacity of 500,000 mt.
Nucor stated that it continues to evaluate additional expansion projects as part of its initiative to further grow its sheet business.