Steel producer Nucor to build $1.3B mill in rural Kentucky
29 Mar 2019
Published on 29 Mar 2019
Steel producer Nucor Corp. announced it will build a $1.35 billion manufacturing mill in a rural Kentucky county, creating several hundred jobs while expanding its presence in the bluegrass state.
Gov. Matt Bevin said the steel plate mill to be built at Brandenburg in Meade County ranks as one of the state's largest-ever single investments. After the announcement, the Republican governor who is seeking re-election this year received a congratulatory call from President Donald Trump. "These are the jobs upon which the greatness of America was made," Bevin stated.
Nucor CEO and President John Ferriola said the project will create about 400 jobs at an average annual salary of about $72,000 at the rural site some 45 miles (70 kilometers) southwest of Louisville. With the Brandenburg project, Ferriola said, the North Carolina-based company is currently investing more than $2 billion in its Kentucky operations.
"It's a very big impact," he said when asked about the president's trade policies after the announcement. "We have dealt and competed on an unlevel playing field for decades, as a steel industry." Large U.S. steelmakers have benefited since the Trump administration began imposing tariffs on imported steel last year, largely because they were able to raise domestic steel prices.