Steel Products Prices North America

Hanna Steel Announces $20M Expansion

January 31, 2023

Hanna Steel Corp. is investing $20 million to expand its steel production lines in Tuscaloosa, Ala.

The new investment is expected create 14 new jobs as the company will add equipment to expand certain slitter services, according to a release from the Tuscaloosa Economic Development Authority (TCEDA).

Hanna Steel is adding 9,000 square feet to its existing facility, the release said. The Tuscaloosa facility employs more than 220 people. It serves as the Alabama home for the company’s Southeast tubing operations, in which mechanical tubing and hollow structural sections (HSS) tubing are produced.

“Our organization and community have supported Hanna’s success since its beginning in 1991, and we look forward to continuing that partnership for another 30 years,” TCEDA chairman Norman Crow said.

Hanna Steel, headquartered in Hoover, Ala., has eight tube mills in Alabama and Illinois. The company provides ASTM standard structural and mechanical tubing domestically and internationally.

Construction on the expansion is slated to begin in the first half of 2023. It is expected to be fully operational during the second quarter of 2025, TCEDA said.

By Ethan Bernard, ethan@steelmarketupdate.com

 

Latest in Steel Products Prices North America