Andy Beshear last week announcedFeralloy Corp., a Chicago-based steel processing company, plans to locate a 30-job, $17.5 million facility on Nucor Steel Gallatin's campus near Ghent to level and cut steel for customers throughout the Ohio Valley region.

"I'd like to welcome Feralloy to Kentucky and thank its leaders for creating jobs in our state during an uncertain time. Their confidence in Kentucky's business sector highlights our advantages for companies making long-term commitments to our communities," Gov. Beshear said. "For the primary metals industry, Kentucky provides a key location nationally, low electricity rates, shipping options including rail, river and highway and an experienced workforce. These, and the momentum of our current industry partners like Nucor and Feralloy, will propel growth well into the future."

By leasing a 60,000-square-foot facility at Nucor's steel mill in Gallatin, Feralloy will receive steel coils directly from the mill, then cut and level them into high-quality sheets per customer spec. The new facility will enable Feralloy to better serve customers in the Ohio Valley and Eastern US. Operations are scheduled to begin in October of this year with one shift of 15 employees, expanding to additional shifts soon after.