Nucor Corporation (NYSE: NUE) announced today that California Steel Industries, Inc. (CSI) will build a continuous galvanizing line at its mill in Fontana, California. The new galvanizing line will serve construction end markets in the western United States and is expected to have an annual capacity of 400,000 tons. With the addition of this new line, CSI will have a total hot dip galvanizing capacity of 1.2 million tons per year. The investment is expected to cost approximately $370 million and take 30 months to construct following regulatory approvals.
Link to press release