March 22, 2017 - Nucor Corp. will invest $85 million to upgrade the rolling mill at its steel bar mill in Marion, Ohio, which producers rebar and signposts.
”Our Marion mill recently celebrated its 100th year of steelmaking. With this project to modernize the rolling mill, we are investing in the next 100 years," said John Ferriola, chairman, CEO and president of Nucor. "Updating the technology used in the rolling mill will help Nucor Steel Marion maintain a cost competitive position by reducing operating costs allowing us to better serve our customers in Ohio and surrounding states."
"This modernization project will enhance our ability to produce the most-efficient and highest-quality recycled steel available in the market," said Mike Hess, General Manager of Nucor Steel Marion.
Nucor Steel Marion employs 265 people and has an annual capacity of 400,000 tons. The modernization project has the potential to add an additional fifteen jobs at the mill.