Please join us!
4:00 PM Registration in the Iverson Room
4:15 PM Safety Presentation
4:30 PM Tour of the Mill
6:00 PM Dinner
Registration is due by Friday, October 14, 2011.
History of Nucor Steel Auburn, Inc.:
The Auburn Steel Company was originally a joint venture of Kyoei Steel and Ataka & Co., a large Japanese trading firm. Designed as a 150,000-ton-per-year mill, the venture was to originally bring 250 much needed jobs to a city that had unemployment between 40 and 50 percent higher than the state average.
Auburn had lost its largest employers in the International Harvester Company and Firth Carpet Company in previous decades.
The success in luring the Auburn plant was the direct result of the work of the Auburn Industrial Development Authority, which financed a study proving that Auburn had electrical power, water, road and rail access, surplus labor and sufficient supply of scrap to make the small steel mill feasible. At the time, the Authority was granted power by the New York legislature to issue $22 million in tax-exempt bonds for the mill.
In March 1974, the mill opened with its first rolling mill and melt shop. A second rolling mill opened two years later in May of 1976. The Austeel Stars newsletter had this to say about the opening of the second Rolling Mill, “On May 20th, 1976, the first full bar (1 3/8” in diameter, 130 feet long) was delivered to the Cooling Bed from the brand new Auburn Steel."
In 1987, control of the mill transferred to Sumitomo Corp. a Japanese conglomerate and parent corporation of Mazda Distributors Pacific, which had an 80 percent ownership share in the company.
By 1989, the mill had doubled its original founding goal by producing more than 300,000 tons, and was seeking further expansion.
At 25 years old in 1998, the mill had the capacity to produce 1 million tons of steel annually, dwarfing original plans. What had taken 24 hours to produce on the first day of production now took only an hour. News reports from the day say more than half of the 300 employees had been at the mill for two decades or more.
On March 19, 2001, Nucor formally announced that it had signed a definitive agreement with Auburn Steel Company, Inc. for the purchase of substantially all of the assets of Austeel’s facility in Auburn for approximately $115 million.
At the time, Nucor was building its Vulcraft facility in Chemung, and was looking for a nearby supplier. With the purchase, Nucor Steel Auburn, Inc. was able to provide about 90% of the raw material requirements to Vulcraft of New York, Inc.
Today, Nucor Steel Auburn, Inc. employs 297 teammates, 57 of whom have been with the mill since the 1970s.
Building Green with Reinforced Concrete. Concrete Reinforcing Steel Institute (PDF)