Nucor Corp. plans to spend $240 million to build a construction rebar mill in Frostproof in Polk County.
Nucor (NYSE: NUE), a steel manufacturer headquartered in Charlotte, North Carolina, expects the Frostproof plant will employ 250 people, with an average annual salary of $66,000. The company projects it will be able to produce 350,000 tons of rebar a year after opening sometime in 2020.
It's the second such facility the company has announced in the last five months.
Nucor has been on an expansion…