Charlotte, North Carolina,
US-based
Nucor Corporation has announced that it has approved $290 million financing for special bar quality production expansion over the next two years.
The projects at
Nucor's steel mills at Memphis, Tennessee, at Norfolk, Nebraska and Darlington, South Carolina, to be completed with the $290 million in finance, will add a combined 1 million mt to the special bar quality and wire rod capacities of
Nucor.
Nucor expects to complete the projects in question by the end of 2013.