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NUCOR TO BUILD STATE - OF- THE - ART SHEET MILL CHARLOTTE , N.C. , Sept. 20 , 2021 / PRNewswire / -- Nucor Corporation ( NYSE : NUE ) announced today that its board of directors has approved the construction of a new state - of - the - art , three - million - ton sheet mill . Nucor is evaluating locations in Ohio , Pennsylvania , and West Virginia . The new mill will be geographically situated to serve customers in the Midwest and Northeast markets and will have a significantly lower carbon footprint than nearby competitors . " This greenfield sheet mill complements Nucor's existing operations , allowing us to more effectively service customers in the region , and grow our core business , while creating substantial value for our shareholders . Consistent with Nucor's long - established strategy for profitable growth , this expansion of our product capabilities will enable us to provide a superior value proposition to our customers , " said Leon Topalian , President & Chief Executive Officer of Nucor Corporation . " This mill will allow us to competitively meet the growing need that many of our customers , particularly in the automotive market , have for high quality steel with a lower carbon footprint . " The new sheet mill is expected to cost approximately $ 2.7B and have the capacity to produce three million tons of steel annually . The mill will be able to produce hot - rolled sheet products with downstream processing including a tandem cold mill , annealing capabilities and initially two galvanizing lines . Galvanizing capabilities will include an advanced high - end automotive line with full inspection capabilities as well as a construction - grade line . Once state and local incentives , permitting and other regulatory approvals are received , construction is expected to take two years . " The green and digital economy is being built with steel , and Nucor , as one of the cleanest steel makers in the world , is poised to be able to meet these unique opportunities , " concluded Topalian .