Steel Product Producers

JM Steel facility expands capacity for Nextracker solar projects
Written by Ethan Bernard
April 29, 2024
Solar tracker maker Nextracker and steel processor JM Steel announced the completion of an expansion of Nextracker-dedicated manufacturing lines at JM’s Leetsdale steel facility near Pittsburgh.
The companies said the expansion more than doubles the facility’s production capacity, achieving 4 gigawatts (GW) of capacity, and creating 60 new manufacturing jobs.
“The US solar market is continuing to demonstrate strong growth,” Dan Shugar, founder and CEO of Fremont, Calif.-based Nextracker, said in a joint statement with JENNMAR Holdings on Friday. “The US Energy Information Administration has forecasted solar to grow 26% on an annual compounded rate and be the number one source of energy in the US within a decade.”
JM Steel, a subsidiary of JENNMAR Holdings, has facilities in Pendergrass, Ga.; Sinton, Texas; Huger, S.C.; as well as Leetsdale, Pa.
The companies said the refurbished factory, reopened in 2022, “produces American-made, critical steel components to support rising demand for solar energy across Pennsylvania and the mid-Atlantic.”
For Nextracker, this expansion marks 20 new or expanded US manufacturing partner facilities since 2021, enabling it to provide over 25 GW of US solar tracker capacity each year, according to the statement.
Ethan Bernard
Read more from Ethan BernardLatest in Steel Product Producers
Loss-making GrafTech shifts volumes to US amid global price pressure
GrafTech reported higher shipments and sales in the third quarter, but continued to lose money. It attributed the continued losses to persistent pricing pressure and global trade uncertainty.
CRU: JSW Steel powers to four-fold profit rise
India's JSW Steel reported a 307% year-on-year (y/y) jump in net profit to INR16.5 bn ($188 million, €161 million) in fiscal Q2.
Wheeling-Nippon Steel raises Galvalume coating extras
The steelmaker released updated extras to customers on Oct. 15, marking the second adjustment in just six weeks following their early September revision
Cliffs offloading some FPT assets, considering HBI plant sale as well
Lourenco Goncalves confirmed that Cleveland-Cliffs is actively selling off portions of its Ferrous Processing and Trading (FPT) assets. Its direct reduction plant in Toledo, Ohio, may also be up for grabs...
Reliance profits dip amid trade policy headwinds
Reliance Inc. reported lower profits in the third quarter amid trade woes and abundant inventory in the market.
