Nucor Corporation
Nucor Announces Plan To Start Production at Arizona Bar Mill
Published in Law and Health Weekly, September 13th, 2008
Nucor Corporation (NYSE:NUE) announced that it plans to begin steel bar production at its previously idle rolling mill in Kingman, Arizona. Nucor expects capital improvements necessary to restart production to total about $30 million and expects rolling operations to begin in Kingman by the second quarter of 2009. Initial annual output of straight-length rebar, coiled rebar and wire rod should be about 250,000 tons. The Kingman mill will have the capability to increase annual production to more than 500,000 tons.
Nucor acquired North Star Steel's idled Kingman steel mill in 2003 for a purchase price of approximately $35 million. In 2004, Nucor decided that Kingman's...
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