Economy
72 Steel Group to Build $218M Steel Plant Near Pittsburgh
Written by Becca Moczygemba
May 15, 2023
New York-based steel producer 72 Steel Group LLC has announced plans to build a $218-million steel manufacturing plant in Aliquippa, Pa., near Pittsburgh, according to media reports.
The plant on a nearly 44-acre site will produce rebar and products widely used in construction, according to an article in the Pittsburgh Post-Gazette.
The current owner of the property in Beaver County, which previously housed the J&L tin mill, is looking forward to the revitalization of the area. “It’s what I’ve been hoping for. I think it could be a heck of a good job creation here, a tax base for the city,” owner Chuck Betters told local news outlet KDKA (CBS).
72 Steel business advisor Xiaoyan Zhang spoke to KDKA regarding the location for the facility. “We know that history, and so to build a steel mill here is exciting,” said Zhang. “Because this is an old industrial base, there will be a lot of talent, you know, that’s for hiring people and everything else.”
According to its website, 72 Steel was established in 2016 and its current businesses include steel processing, sales, and steel constructions.
By Becca Moczygemba, becca@steelmarketupdate.com
Becca Moczygemba
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