Nucor introduced at present that California Steel Industries, Inc. (CSI) will construct a steady galvanizing line at its mill in Fontana, California. The new galvanizing line will serve building finish markets within the western United States and is predicted to have an annual capability of 400,000 tons.
With the addition of this new line, CSI can have a complete sizzling dip galvanizing capability of 1.2 million tons per yr. The funding is predicted to value roughly $370 million and take 30 months to assemble following regulatory approvals.
“With recent closures of galvanizing capacity in the western region, CSI is seizing an opportunity to provide the high-quality value-added products that our customers have requested,” mentioned Leon Topalian, Chair, President and Chief Executive Officer of Nucor Corporation. “This investment continues the strong partnership we have cultivated with JFE Steel of growing together in North America.”
CSI is a flat-rolled metal converter with the aptitude to produce greater than 2 million tons of completed metal and metal merchandise yearly. The firm has 5 product strains together with sizzling rolled, pickled and oiled, chilly rolled, galvanized, and ERW pipe. Key end-use markets served by CSI embody the development, service middle and power markets. CSI employs greater than 800 full-time and non permanent teammates. CSI is the second partnership between Nucor and JFE Steel of Japan, following the formation of Nucor JFE Steel Mexico, which accomplished building in 2020 and is in qualification trials with the burgeoning regional automotive market. Nucor acquired a 51 p.c stake in CSI earlier this yr.