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Article Excerpt
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NUCOR CORP.'S revamped special bar quality mill in Memphis, Tenn., shipped its first 'as-cast" product to a seamless pipe customer in August, signaling the start of a new life for the former Birmingham Steel facility.
Nucor executives are proud of the $230 million renovation of Nucor Steel Memphis Inc., which should begin producing high-quality SBQ product by first-quarter 2009. An estimated 400,000 to 500,000 tons of the mill's 850,000-ton annual capacity will be finished SBQ, 30 to 40 percent of which will go to steel service centers. The other half of the mill's output will be sold in as-cast and semifinished form to pipe mills, cold finishers and other customers, including Nucor's other mills.
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The timing of Nucor's decision to add capacity to the bar market has raised eyebrows, especially in light of the weak automotive demand. But D. Michael Parrish, executive vice president of Nucor's bar group, sees this new mill as "a great opportunity for Nucor to grow" as it will greatly expand the breadth of Nucor's SBQ product offerings. Nucor currently produces small-diameter SBQ from 7/32-inch to nearly 3 inches at its Norfolk, Neb., and Darlington, S.C., mills. Once Memphis is fully up and running, it will produce large-diameter rounds up to 9 inches with a 5-to-1 reduction ratio for a very high-quality product.
"Of course the automotive market is weak right now, and it doesn't look as if it is going to come back...
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