Nucor Corporation Selects Davidson County for $350 million Investment
Nucor Corporation, a steel and steel product manufacturer, will build a new “micro-mill” in Lexington. The company, which has its headquarters in Charlotte, will invest $350 million into the project which will create 180 jobs with an average annual wage of $99,066, higher than the Davidson County average of $45,117.
Nucor is the largest recycler in North America, and the new facility in Lexington will produce new steel and rebar that is made of almost 100% recycled steel. The projected output of the new mill is 430,00 tons, answering the growing demand for sustainable steel products.