Steel Mills
June 9, 2016
Nucor and JFE Holdings Announce Joint Venture in Mexico
Written by Sandy Williams
Nucor Corp. and JFE Holdings of Japan will enter a joint venture to build and operate a steel processing plant in central Mexico to supply the country’s automotive market. The 50-50 venture will cost $270 million to construct and have a capacity of 400,000 tons per year of galvanized sheet steel.
The substrate for processing by the facility will be equally supplied by Nucor and JFE. The companies are working to meet final required approvals and expect operations to begin in the second half of 2019. The new facility will be called Nucor-JFE Steel Mexico.
