Nucor buys huge chunk of land in St. James

Staff reports

BATON ROUGE – Nucor Steel Louisiana LLC recently purchased two additional pieces of property in St. James Parish, giving the company ownership of more than 3,800 acres representing more than 90 percent of the land required for its proposed multi-phase iron and steel facility, the governor’s office reported in a release Tuesday.

“One of the projects we continue to actively pursue is the proposed Nucor facility for St. James Parish,” Gov. Bobby Jindal said.

Nucor continues to indicate a strong interest in the state, according to Jindal. He said the company, in the last few weeks, purchased and closed on the additional parcels, making a total of over 3,800 acres of land in St. James and an investment of over $50 million.

“While Nucor has not yet made a definitive decision to proceed, its land investment is another positive indication of Nucor’s increasing interest in Louisiana, “Jindal said.

Nucor first acquired nearly 890 acres of land for $16.3 million in May of this year. The latest acquisitions include 172 acres from the Port of South Louisiana and 2,816 acres from Entergy.

Louisiana Economic Development Secretary Stephen Moret said in the release that Nucor won’t make a final site decision until it’s air quality control permit is approved by the Environmental Protection Agency.

Nucor also has concerns about possible legislation at the federal level that it wants resolved before final commitment to the project, according to Moret.

He said, “we certainly view the company’s decision to continue purchasing land to assemble the proposed site as a very positive indicator of Nucor’s interest in Louisiana.”

Nucor is a North Carolina-based firm that has applied for permits to build a $2 billion iron-manufacturing plant near Convent.