NEW ORLEANS (AP) — Steelmaker Nucor Corp. has indicated that the possible cost of any carbon legislation that emerges from Congress is still a key concern as the company decides whether to build a pig iron plant in Louisiana or South America.
The Charlotte, N.C.-based company is considering a site near Convent in St. James Parish — along with another in Brazil — for the $2.1 billion project that would initially employ 500 people at an annual average salary of $75,000. It would be one of Louisiana's largest economic development projects ever.
The company has bought 90 percent of the land it would need to build the plant in Louisiana.
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