Steelmaker Nucor Extends Buildout with New Galvanizing Lines

October 3, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--While U.S. steel prices have come down somewhat from the extraordinarily high prices seen in 2020 and 2021, they remain elevated from their pre-pandemic levels, and U.S. steel producers are planning or are underway with grassroot plants, line additions and modernizations throughout the U.S. to expand production. Industrial Info is tracking more than $24 billion worth of active steel projects in the U.S. One of the latest project announcements comes from Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina), which has announced that it will construct two new galvanizing lines in South Carolina and the western U.S.