German plantmaker SMS Group has announced that it will supply a new walking beam furnace for US-based steel producer Nucor Steel Marion’s bar mill in Marion, Ohio, as part of an $85 million investment for the upgrade of the bar mill.
SMS stated that the new furnace represents the first and most important step of the broader modernization project, which will take approximately 18 months to complete. Nucor Steel Marion will be able to achieve improved temperature uniformity and, therefore, better rolling quality of the billets out of the new furnace.
US-based Nucor Corporation's subsidiary Nucor Steel Marion produces rebar and has an annual production capacity of over 400,000 mt.