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

AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).

GE Appliances announces $490M reshoring project in Kentucky
GE Appliances announces $490-million reshoring project in Kentucky.

Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.

Granite City Works must remain open and other terms of the Nippon-USS deal
SEC documents also name Trump specifically as having veto power certain decisions are part of the “Golden Share” provision.

Worthington Steel maintains cautious optimism through market uncertainty
CEO Geoff Gilmore praised his employees for gaining market share, filling open capacity, and exceeding customer expectations.