Service Centers

Feralloy Sets $8.75M Expansion Plan at Alabama Plant: Report

Written by Ethan Bernard

October 11, 2023

Feralloy Corp. is planning an $8.75-million expansion at its Decatur, Ala., Red Hat Road plant, according to a local report.

The Chicago-based processor, a subsidiary of Reliance Steel & Aluminum, expects the expansion to create nine additional jobs where 64 are currently employed, an article in The Decatur Daily said on Wednesday.

The company will be upgrading its cut-to-length line, and adding an intelli-crane system, new coil grabber, new sheet lifter, and an updated conveyor system, as well as making dock improvements, Industrial Development Board (IDB) attorney Barney Lovelace told the paper.

The Decatur IDB OK’d a $258,000, 10-year tax abatement for the project on Tuesday, the article said. Also approved was an abatement of $94,800 of Decatur sales and use taxes during construction and $123,390 of state sales and use taxes.

Feralloy’s Decatur location has a 72” Stamco slitter, a 52” Loopco slitter, a 72” Butech stretch-leveler, and a 72” Red Bud multi-blanking line. These serve “the metal processing and delivery needs” for customers in the Southeast “and beyond,” according to Feralloy’s website.

When contacted by SMU, Feralloy declined to comment at this time.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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