In recent weeks, Steel Technologies, LLC has received approval from Mexico to build a 300,000 square feet, $75 million steel processing facility in Nuevo León, Mexico. The new steel facility will increase North American production, with a processing capacity of over 800,000 tons. In a press release, Michael J. Carroll, the president and CEO of Steel Technologies, said that “the addition of this world-class operation will accelerate our growth and complement our strong network of steel-processing facilities within the country.” The Louisville based company is owned by Nucor Corp and Mitsui & Co and will start construction on the new site immediately.
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