(RTTNews) - Nucor Corporation (NUE) said the company is evaluating locations in Ohio, Pennsylvania, and West Virginia to build state-of-the-art sheet mill which would be geographically situated to serve customers in the Midwest and Northeast markets. The new sheet mill is anticipated to cost approximately $2.7 billion and have the capacity to produce three million tons of steel annually.
Leon Topalian, President & CEO of Nucor, said: "This mill will allow us to competitively meet the growing need that many of our customers, particularly in the automotive market, have for high quality steel with a lower carbon footprint."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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