Nucor’s plan to build new US plate mill draws cheers, jeers

摘要

Nucor executives think the company’s new, $1.35-billion plate mill will roll in the black by taking market share from both imports and domestic competitors.But some analysts are concerned that the facility, which follows flat-rolled capacity expansions announced by other domestic mills, is ill-timed and might hurt US plate prices in the long run.The US consumes approximately 9 million tons of plate per year, meaning Nucor’s new plate mill would be able to supply approximately 10-15% of that demand, KeyBanc Capital Markets analyst Philip Gibbs wrote in a research noted dated Monday January 7.