International Steel Manufacturer to Make $350M Investment in Davidson County

April 8, 2022

Nucor Corporation, a steel and steel product manufacturer with locations across North America, will build a new “micro-mill” in Lexington, located in Davidson County. 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 county average of $45,117.

“Nucor is the largest steel producer in the country, and we are proud that Nucor continues to invest in its home state,” said Christopher Chung, CEO of the Economic Development Partnership of North Carolina. “Our world-class workforce and workforce development programs are ready and able to support and help companies like Nucor continue its success.”

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. The EDPNC was the conduit between Nucor and state and local entities, coordinating work between the Department of Commerce, the Department of Transportation, local workforce development boards, local economic development partners, and the Community Colleges to navigate project needs.

The Economic Development Partnership of North Carolina would like to recognize the N.C. Department of Commerce as well as other principal partners involved in this project, including the N.C. General Assembly, the N.C. Department of Transportation, the N.C. Department of Revenue, the N.C. Community College System, the N.C. Railroad Company, the Winston-Salem Southbound Railway, the Golden LEAF Foundation, the City of Lexington, the City of Thomasville, Davidson Water Inc. and the Davidson County Economic Development Commission.