Good News -- Nucor to Build Iron Plant in St. James Parish

Nucor has announced it will build a $750 million dollar plant to produce iron for steel making in St. James parish.  This is good news for the economy as the first phase will employ 150 workers and pay excellent salaries. I had a pleasant meeting with the then president of  Nucor on one of my prospecting trips to the Carolinas. Nucor was doing fine while much of the US steel industry was having problems. Nucor was non-union and had a way of operating and of treating employees that was unusual in the industry.  The company has been interested in Louisiana for some years; hopefully this will lead to more economic development.  I don't like the state investing $30 million in the facility, but we have spent millions to assist other industries by constructing highways and overpasses.