Steel Mills

Hybar locks in 16 cranes for new Arkansas mill
Written by Becca Moczygemba
November 28, 2023
Hybar’s new rebar mill is set to be outfitted with 16 cranes of various capacities, according to a news release from Finnish crane manufacturer, Konecranes.
The recently formed scrap metal recycling and steel producer is currently constructing its first high-yielding rebar mill in Osceola, Ark. The mill is expected to produce about 630,000 tons of rebar per year.
The cranes will possess special technology to meet Hybar’s needs, according to the release.
Two shipping cranes have special magnets for handling spooled rebar coils and long flat bundles. The ladle/charge cranes possess cabins with maximum visibility, ensuring the safest working conditions for the operator, the release said.
“The team at Konecranes understands the complexities of moving steel,” Hybar’s CFO Ari Levy said in the release. “They also share our dedication to operational efficiency, environmental stewardship and, above all else, safety.”
Additional equipment includes a rolling mill crane, ladle/tundish repair crane, roll shop maintenance cranes, and maintenance jib cranes.

Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Mills

Explosion rocks ArcelorMittal’s DR plant in Mexico
ArcelorMittal reported a "strong" explosion at the direct reduction part of its massive Lazaro Cardenas mill in Mexico.

SDI to acquire remaining stake in New Process Steel
Steel Dynamics Inc. (SDI) announced that it has agreed to acquire the remaining 55% equity interest in New Process Steel.

North Star results improve despite buyer caution as tariffs drive prices higher
North Star BlueScope said it is optimistic that US tariffs will bolster selling prices and tighten the spread the Australia-based steel maker suffered in 2025.

AISI: Domestic steel production edges down
US raw steel production declined last week, according to the latest data released by the American Iron and Steel Institute (AISI).

Cliffs inks longer-term contracts with US automakers hedging tariff inflation: Report
Cleveland-Cliffs Inc. has reportedly signed "unusually long" fixed-price supply agreements with multiple US automakers.