Nucor Weighs Midwest Sites for New $2.7 Billion Steel Plant

Nucor Corp. said Monday it plans to spend about $2.7 billion to build a new steel plant that will produce 3 million tons of steel. Nucor said it will choose between potential locations in Ohio, Pennsylvania and West Virginia to build the plant, which will serve customers in the Midwest and Northeast markets and have a “significantly lower” carbon footprint than nearby competitors. Nucor President and CEO Leon Topalian said the plant “will enable us to competitively meet the growing need many of our customers, particularly in the automotive market, have for high-quality steel with a lower carbon footprint.” Company…

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