Steel Products Prices North America

CMC Picks West Virginia Site for New Micro Mill
December 8, 2022
Commercial Metals Co. (CMC) has selected Berkeley County, W.Va., as the site of its fourth rebar micro mill.
The project, budgeted at approximately $450 million net of incentives, is expected to have an annual production capacity of 500,000 tons, and employ about 230 fulltime employees, the company said in a statement.
This micro mill will be capable of producing various sizes of both straight length and spooled rebar. CMC said that, based on anticipated timelines for permitting and construction, the plant is scheduled to begin operations in late calendar 2025.
“We believe this new micro mill, among the most environmentally friendly steelmaking operations in the world, will strengthen our operational network throughout the Eastern US by achieving synergies with our existing mill and downstream facilities,” said Barbara R. Smith, chairman, president and CEO.
Irving, Texas-based CMC is a metals provider and recycler that also operates seven electric-arc furnace (EAF) mini mills.
By Ethan Bernard, Ethan@steelmarketupdate.com
Latest in Steel Products Prices North America

CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.

CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.

SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.

Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.

Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.