Nucor Steel Announces $280M Expansion At Tuscaloosa Facility

TUSCALOOSA, AL — Nucor Steel on Thursday announced plans to invest $280 million into its existing operations in Tuscaloosa to expand its current product lines and add a new like to the company's steel coil and plate capabilities.

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The official announcement was made by the Tuscaloosa County Economic Development Authority (TCEDA)

TCEDA says the investment will allow the mill to produce thinner, stronger, higher-quality plate and a new product line that is not currently manufactured domestically. The project will be located at the company’s existing operations on Holt Road.

The company plans to begin construction by the end of the year.

“The investment at the rolling mill at Tuscaloosa is important to keep our mill competitive in the global steel industry and open up new market opportunities for our team," Nucor Steel Tuscaloosa Vice President and General Manager Brian Phillippi said. "We appreciate the support we have received from the Tuscaloosa County Economic Development Authority for this project.

The Tuscaloosa County Industrial Development Authority, which does business as the TCEDA, says it approved a tax abatement package as part of an investment by Nucor.

As a result, local leaders expect the tax savings to support the retention of more than 400 high-paying jobs at the Tuscaloosa County facility and the generation of new revenue for local vendors and our state and local tax bases.

TCEDA's board of directors approved the tax abatement package Thursday afternoon during its November meeting.

“For almost 20 years, Nucor Steel Tuscaloosa has excelled at producing quality products, creating high-paying jobs, and prioritizing philanthropic activities throughout our community,” TCEDA chair Norman Crow said. “This project demonstrates Nucor’s long-term commitment to Tuscaloosa County and its citizens, for which we will reap the benefits for years to come.”

Crow said the company will receive an abatement of the non-educational sales and use taxes for purchases of equipment and building materials during the construction phase of the project and an abatement of the non-educational ad valorem taxes on certain real and personal property for up to 10 years.

Officials point out that the company will be eligible for a tax abatement in an estimated amount of $16.8 million, with the estimated taxes to be paid by the company just from this project activity representing almost $11 million. This will include over $7.5 million in new education taxes, identified through the TCEDA standard evaluation process.

Nucor expects the project is expected to be fully operational by the summer of 2027.

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