NUCOR ANNOUNCES MEMPHIS AS LOCATION OF SBQ MILL

[Steelonthenet.com] Charlotte, USA - Nucor Corporation (NYSE: NUE) announced today that Memphis, Tennessee has been selected as the site for the 'Special Bar Quality Products' steel mill. In July 2006, Nucor announced plans to construct this mill in the southern United States. This state of the art facility is expected to cost approximately $230 million and to employ more than 200 people. The facility, which will have an estimated annual capacity of 850,000 tons, will produce high quality carbon and alloy rounds and round cornered squares from 2.25 to 9 inches for the automotive, heavy equipment and service center markets. Construction is expected to begin after satisfactory resolution of regulatory approvals and various contracts. Start- up is expected to begin in the first quarter of 2008.

'We are looking forward to operating this facility in Memphis and expanding our presence in the southern United States. This growth project provides Nucor with an exciting opportunity to capitalize on a significantly better cost structure compared to key competitors in the Special Bar Quality market, both domestic and foreign. This facility complements our Nebraska and South Carolina SBQ mills and gives us one of the most diverse SBQ product offerings from 7/32 inch to 9 inch rounds, all with a minimum of 5:1 reduction ratio' said Daniel R. DiMicco, Nucor's Chairman, President and Chief Executive Officer.

Nucor and affiliates are manufacturers of steel products, with operating facilities in seventeen states. Products produced are: carbon and alloy steel - in bars, beams, sheet and plate; steel joists and joist girders; steel deck; cold finished steel; steel fasteners; metal building systems; and light gauge steel framing. Nucor is the nation's largest recycler.

Certain statements contained in this news release are "forward-looking statements" that involve risks and uncertainties. Factors that might cause the Company's actual results to differ materially from those anticipated in forward-looking statements are outlined in Nucor's regulatory filings with the Securities and Exchange Commission, including those in Nucor's December 31, 2005 Annual Report on Form 10-K. The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them.

SOURCE: Nucor Corporation
Nucor Executive Offices, +1-704-366-7000, or Fax, +1-704-362-4208
http://www.nucor.com/

The steelonthenet.com news and information portal provides site visitors with iron and steel industry and other metal sector news and information from around the globe - 7 days a week, 24 hours a day. The service is brought to you free of charge with the compliments of Metals Consulting International Limited, a leading metal sector management consultancy that provides professional market research, advice and management support to the metal industry worldwide.

This feed is available as an RSS feed for syndication, or for viewing in an RSS based news reader. To access the feed, simply click on the orange RSS button below.