Chicago-based steel processing company Feralloy plans to open a $17.5mn facility in Ghent Kentucky, on the Nucor Steel Gallatin property.
The Gallatin county plant has the resources to level and process flat-rolled steel including hot-rolled coil, pickled, oiled, and coated steel products for customers in the Ohio Valley area.
The plant is scheduled to commence operations in October 2020 despite continued effects from COVID-19, Kentucky Governor Andy Beshear said in a press release, adding that the facility will be an important addition to the primary metals industry that has shown continued growth in the state.
Moreover, Gov. Beshear said, that Kentucky is in a central location for the primary metals business with the ability to ship via rail, barge, or truck. He believes the goals set by Nucor and Feralloy will advance the industry in the long term.
Feralloy will lease a 60,000 square foot plant on the Gallatin campus and plans to employ 30 workers. The processor will take delivery of steel coils directly from the Nucor mill to be cut into sheets based on customer specifications.
Feralloy is a wholly-owned subsidiary of Reliance Steel & Aluminum and operates 10 steel processing locations in the US and Mexico.