Nucor To Build Merchant Bar Mill in Bourbonnais, Illinois
11/16/2017
The MBQ mill will have an annual capacity of 500,000 tons and is expected to cost $180 million. The project will take approximately two years to complete.
"This new MBQ mill is right in line with our long-term strategy for profitable growth. It takes advantage of our position as a low-cost producer to displace tons currently being supplied by competitors outside the region. It also builds on our market leadership position by further enhancing our product offerings of merchant bar, light shapes and structural angle and channel in markets in the central U.S.," said John Ferriola, Chairman, CEO & President of Nucor. "Combined with our other full-range bar mills, we are now strategically located to supply all markets with high-quality bar products and exceptional service."
According to company officials, “Midwest region is one of the largest markets for MBQ products, and Nucor is ideally situated to take advantage of existing operating and commercial capabilities to meet this regional demand. This project will allow Nucor to fully utilize the Company's existing bar mill by optimizing its melt capacity and infrastructure that is already in place.”
“ It will also take advantage of an abundant scrap supply in the region, as well as the Company's commercial footprint in the central United States. Nucor Steel Kankakee, Inc. will continue to be a supplier of quality reinforcing bar products,” a company spokesperson added.
"We are very excited to bring new investment and jobs to the Kankakee community and the State of Illinois," said Johnny Jacobs, Vice President & General Manager of Nucor Steel Kankakee. "We would like to thank Governor Rauner, state and local officials, our teammates and the entire community for their support of this project. Nucor's bar mills have been a cornerstone of our company and, as this project demonstrates, they are an important part of Nucor's future."
Nucor . Products produced include: carbon and alloy steel, in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
Project Announcements
Japan-Based DENSO Expands Athens, Tennessee, Manufacturing Operations
11/02/2024
Western Smokehouse Partners Plans Mexico, Missouri, Manufacturing Operations
11/02/2024
Ridgenet Network Group Expands Pulaski County, Kentucky, Manufacturing Operations
11/02/2024
BENTELER Automotive Corporation Expands Duncan. South Carolina, Operations
11/02/2024
Graham Packaging Expands Tangipahoa Parish, Louisiana, Production Operations
10/30/2024
OmniaBio Plans Hamilton, Ontario, Manufacturing Operations
10/30/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
The Role of Rail in Industrial Development
Q4 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
Exploring the Dynamic Landscape of Industrial Packaging Solutions
Q3 2024
-
Which AI Tools Work for Job Recruiters?
Q3 2024
-
Permitted Power Capacity Foreshadows Health of Regional Economies
Q3 2024
-
What If the Longshoremen's Strike Had Persisted? Examining the Potential Economic Fallout
Q4 2024