Nucor Steel, the largest steel company in the U.S., built a 256,000-square-foot rebar micro-mill on approximately 440 acres in Frostproof. Polk County competed with South Carolina for the $240 million project which employs 250.
Key Takeaways
Need for regional air hub with consumer connectivity and demand
Local Collaboration and innovative thinking to grow infrastructure capacity
We would like to thank the many state and local officials, leaders and partners who have assisted us with the project. Identifying the right location is an essential part of our rebar micro mill strategy, and this part of central Florida met all the criteria we evaluate. We look forward to becoming a member of the community.”
Dave Sumoski, Executive Vice President of Merchant and Rebar Products
Company Need
Steel is an essential raw material for several key sectors and industries. Polk County is a growing market where there is an abundant supply of scrap to be utilized, recycled and then put back into the economy.
Why Central Florida
With over 11.1 million consumers within a 100-mile radius, Polk County offered a consumption-driven profit margin and regional connectivity.
Solution
Nucor’s steel mill is a low-cost producer due to it’s central location- they are close to the scrap metal they buy which saves on freight. This gives and the region a cost advantage over competitors shipping rebar into the region from long distances. It is also close to its consumer base, again saving money on freight.
Results
Partnerships & Collaboration
