Nucor and JFE Steel form plate joint venture to supply growing demand in automotive market in Mexico

Nucor Corporation is forming a 50-50 joint venture with JFE Steel Corporation of Japan to build and operate a plant in central Mexico to supply that country’s automotive market. The plant is expected to have a cost of $270 million and a capacity of 400,000 tons per year of galvanized sheet steel. million vehicles to 5.3 million by 2020. BriefBrought to you by: Electric Vehicles

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