Nucor to Build Galvanizing Line at its Kentucky Sheet Mill

CHARLOTTE, N.C., May 25, 2017 /PRNewswire/ — Nucor Corporation (NYSE: NUE) announced today that it is investing an estimated $176 million to build a hot band galvanizing and pickling line at its sheet mill in Ghent, Kentucky. The new galvanizing line will expand Nucor Steel Gallatin’s product capabilities and have an annual capacity of 500,000 tons.

“The addition of a hot band galvanizing line at Nucor Steel Gallatin supports our automotive growth strategy. This project will allow us to move into segments of the automotive market we currently do not serve,” said John Ferriola, Chairman, CEO and President. “We have been growing our share of the automotive market and this project will help us continue that trend. In addition, this line will fully satisfy a key need in the marketplace for high-quality, hot-rolled galvanized steel.”