Nucor, the largest steel and steel products producer in the U.S., will add a new electric arc furnace melt shop at its existing bar mill in Kingman, Arizona. The $100 million project is expected to create 140 jobs.
The facility, which will have the capacity to produce 600,000 tons annually, is planned to be operational by 2024.
“This investment in a new melt shop at our Arizona bar mill is part of our strategy to grow our core steelmaking business and will help us maintain our market leadership position in steel bar production,” said Leon Topalian, President and CEO of Nucor Corporation. “Adding new melt shop capacity will help meet the growing demand for steel bar products in the Western region, which is one of the fastest growing areas in the U.S.”
Nucor has 15 bar mills located across the United States that manufacture a broad range of steel products, including concrete reinforcing bars, hot-rolled bars, rounds, light shapes, structural angles, channels, wire rod and highway products in carbon and alloy steels. Four of the bar mills have a significant focus on manufacturing SBQ and wire rod products.
“Nucor’s significant expansion in Kingman adds to the surge in manufacturing activity in Mohave County while supporting construction and other high-value industries,” said Sandra Watson, President and CEO of the Arizona Commerce Authority (ACA). “We are grateful for Nucor’s commitment to Arizona, adding hundreds of high-wage jobs in rural Arizona and driving further economic growth.”
Wire rod and rebar are used primarily in concrete reinforcement for the construction of roads, buildings, bridges and other structures. Steel produced by Nucor bar mills serves numerous end markets, including the agricultural, automotive, construction, energy, furniture, machinery, metal building, railroad, recreational equipment, shipbuilding, heavy truck and trailer market segments.
“Nucor’s expansion and resulting high-wage jobs will greatly contribute to the economic prosperity of our city and region,” said Kingman Mayor Jen Miles. “Their investment adds to Kingman’s growing manufacturing base and in doing so, will create exciting new opportunities for our citizens. We welcome Nucor’s expansion and thank them for their positive and ongoing commitment and contributions to our city.”