Nucor celebrates grand opening of $440M steel plant in Lexington.
Article excerpt
Highlighted: the sentence this signal was extracted from
Nucor celebrates grand opening of $440M steel plant in Lexington. by Marcel Francis Fri, May 1, 2026 at 6:27 PM 00:00 02:27 The $440 million investment and creation of roughly 200 living-wage jobs are expected to boost homeownership, increase local spending, and drive long-term economic growth across Lexington and Davidson County. LEXINGTON, N.C. - A $440 million micro mill from Nucor Corporation is bringing new energy to Lexington, marking one of the largest industrial investments in the area. City of Lexington Mayor Jason Hayes says the decision for Nucor to build in Davidson County came down to infrastructure, workforce, and a key advantage: access to natural gas. "Nucor is a significant user of natural gas, and so the City of Lexington, as a natural gas provider, was a major player to provide that significant utility to this particular site," said Hayes. The city is one of only seven municipalities in North Carolina that provide natural gas, giving it a competitive edge in attracting large manufacturers. That access helped secure the facility, which produces rebar used in roads, bridges, and buildings, using nearly 100 percent recycled materials. Calvin Hart, vice president and general manager of Nucor Steel Lexington, says the company's process turns everyday scrap into essential materials. "If you think of anything that's metal, from cars to buildings to...
Keep reading with a free account
The rest of this article, and every signal for Nucor, is in your free account.
