Nucor to set up plate mill in U.S. Midwest for $1.35 billion

URLhttps://www.reuters.com/article/us-nucor-mill/nuco
SourceReuters
Date Published01/07/2019
Author NameAnthony Deutsch
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Nucor Corp
Parent companyNucor Corp
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):400
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2022
If relevant, work nearshored to:-
Industry(ies):Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredsteel plates
What non-domestic negative factors made offshoring less attractive?Tariffs
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, import replacement
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