Nucor to build $350M rebar steel mill near Lexington
{Contributed Photo}
The Davidson County Economic Development Commission along with N.C. Department of Commerce Secretary Michelle Baker Sanders, announced plans this afternoon for a $350 million rebar steel mill in Lexington. The announcement was made today at the Davidson County campus of Davidson-Davie Community College. Nucor Corporation will be coming to Lexington/Davidson County. Nucor steel is a modern 21st century steel mill that will bring jobs to the community as well as opportunities for our local schools bringing future educational and economic resources for our children. The announcement also shared that they will be hiring for 180 new jobs with an average wage of $99,660. The state incentive package includes $414,000 in customized training from Davidson-Davie Community College.
Construction of the mill will begin after final permits and regulatory approvals are obtained for the location on U.S. 64. The mill will be designed to produce 430,000 tons of rebar annually and is expected to begin employing people when it opens in 2024.
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The Charlotte-based Nucor confirmed in December, it was looking in six Southeast states for a location for its third mill dedicated to producing rebar, which is used to reinforce concrete in the construction of roads, buildings, bridges and other structures. The company looked at sites in Florida, Georgia, South Carolina, Virginia and West Virginia, as well as North Carolina.
Mike Hess will be the general manager of the Lexington mill. He is a Nucor veteran and has previously held that position at Nucor Steel Jackson in Mississippi and Nucor Steel Marion in Ohio.
Special presentations were given during the announcement at the Rittling Conference Center at Davidson-Davie Community College.
Holly Grove Fire Department who will serve as the department closest to the new mill received a check for $50,000 as a gift from Nucor. Lexington City Schools, Thomasville City, and Davidson County Schools received a gift of $250,000 each for educational support. An additional check for $100,000 was given for a food pantry for Davidson County Schools. This was especially noted for all the hard work educators put in during the COVID-19 pandemic.
