Steel manufacturer to build $240M plant in Polk County

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…

Read more at: Tampa Business News - Local Tampa News | The Tampa Bay Business Journal

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