The company is requesting the city of Blytheville's assistance in securing Act 9 bonds for the project.
Tuesday night, the Blytheville City Council is expected to consider a resolution entering into an agreement for the issuance of the bonds.
"It's a new product line," Nucor-Yamato's Keith Prevost said. "We put an announcement out several months ago, and this is just a resolution related to that."
"It's a new product line that will complement our existing products," he added. "It is going to include, primarily equipment, but some buildings, and it will just allow us to sell a broader range of products and take care of our customers' needs."
The expansion is expected to create 10-15 jobs, according to Prevost.
He anticipates production to begin next year.
"A lot of the preliminary work is already underway," Prevost said. "The product will start production in 2014."
"This is Nucor's continued reinvestment in Nucor-Yamato and in the community," he added.
The resolution before the Council says Nucor-Yamato wants to make "significant expansions and improvements to the Steel Mill, including a building expansion, mill stands, electrical improvements, an automated roll storage and retrieval system and related facilities, all for the purpose of producing hot rolled sheet piling, if permanent financing can be provided through the issuance of bonds under the authority of Act 9."