21.02.2024 15:27:17 - dpa-AFX: Nucor Authorizes $860 Mln Funding For Rebar Micro Mill In Pacific Northwest
WASHINGTON (dpa-AFX) - Steel manufacturer Nucor Corp. (NUE), Wednesday
announced that the board has approved $860 million for funding the construction
of a 650,000-tons-per-year rebar micro mill in the Pacific Northwest.
The new project would produce different sizes of rebar, which is primarily used
in the construction of roads, buildings, and other structures, the company
stated.
The project is expected to be completed in two years.
In the pre-market activity, Nucor's stock is trading at $183.99 on the New York
Stock Exchange.
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