Nucor close to completion of iron plant
BATON ROUGE - Nucor is close to completing its 2.5 million-ton direct reduced iron plant in St. James Parish.
The plant is set to begin operations late in the fall.
The Advocate reports the construction update was part of the company's second-quarter earnings report. The company earned $85.1 million, or 27 cents per share, down from $112.3 million, or 35 cents per share, a year ago.
Heavy rains in the first two months of the year delayed the $750 million project. Nucor had originally planned for the plant to be running by now.
The reduced iron plant is the first of several phases in a planned $3.4 billion steel complex that would employ 1,250 people and produce millions of tons of steel each year.