NORFOLK, Neb. -- A steel manufacturing mill in northeast Nebraska is getting a big upgrade.
Nucor Corporation announced Wednesday a project to upgrade the company's engineered bar mill in Norfolk.
The company said the upgrade is to better serve the automotive market and continue to meet its customers' needs for the highest quality products.
The project will include a new re-heat furnace, new intermediate mill and coil inspection and a trimming station.
The $58 million investment project is expected to be completed and operational in the fourth quarter of 2022.
“The upgrades we are making to our engineered bar mill in Nebraska are part of our efforts to continue to grow the number of tons we sell to the automotive market,” said Leon Topalian, President & CEO of Nucor Corporation. “This investment is part of our greater commercial strategy to align our product mix with current and future demand of our customers and will reinforce Nucor as a leader in engineered bar and rod.”