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
Cliffs moves sheet prices higher, seeks $1,100/ton HRC
Cleveland-Cliffs is now targeting base prices of $1,100 per ton ($55 per cwt) for hot-rolled coil (HRC).
SMU price ranges: Sheet surge continues on limited spot availability
Sheet prices shot higher again this week on the heels of another round of mill price increases as well as on reports of production and supply chain issues at certain domestic producers.
Galvanized Sheet’s Premium Over Hot Rolled Hovering Around $200/Ton
The spread between hot-rolled coil (HRC) and galvanized sheet base prices has been hovering near $200 per net ton since late July, according to SMU’s latest analysis.
Plate Report: Quiet Turning to Sluggish?
The US plate market has been rather quiet over the past couple of weeks since Nucor Corp. caught many off guard with a $140-per-ton price cut.
SSAB’s Jeff Moskaluk on Wind’s Flurry of Opportunity for Steel
SMU discussed wind energy, a promising end-use market for steel, with SSAB Americas’ SVP and CCO Jeff Moskaluk.