North Carolina-based Nucor Corp. has announced plans to spend $240 million to build a construction rebar mill in Frostproof, Fla. This will be the second rebar micro mill that is part of the company's expansion. Sedalia, Mo., will be the home for the micro mill announced in Novemeber 2017.
The rebar micro mill is expected to employ approximately 250 people and pay an average annual salary of $66,000. The micro mill will have an estimated annual capacity of 350,000 tons and construction is expected to take two years, pending permit and regulatory approvals.
Nucor and its affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada. Nucor is North America's largest recycler.