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The project has been funded by grants issued by the SC Department of Commerce Coordinating Council for Economic Development and Santee Cooper.
SEATTLE (Scrap Monster): Charlotte, N.C.-headquartered Nucor Corporation announced that it plans to invest $200 million over a period of five years in modernization projects at its South Carolina Sheet and Beam Mill. The investment is subject to receipt of necessary permit and regulatory approvals.
As part of the investment, it will construct a new air separation unit at the mill, which will enhance supply of industrial gases for its steelmaking operations. Upon completion, the unit will be operated by UIG LLC, a Nucor wholly owned subsidiary. The project will allow the company to produce and supply all the gases needed for the steel mill from the new Nucor owned facility.
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The project has been funded by grants issued by the SC Department of Commerce Coordinating Council for Economic Development and Santee Cooper.
Commenting on the project, Mike Lee, Vice President and General Manager of Nucor Steel Berkeley stated that the company is proud of its long-time partnership with the State of South Carolina and is excited to continue to invest in the state where Nucor first began its operations nearly six decades before.
The Nucor Steel Berkeley facility produces up to 3.5 million tons of flat-rolled sheet and structural steel per year and employs approximately 1,000 people.
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