• Skip to main content

    Market Data

    Solar power to supply Hybar's Arkansas rebar mill

    Written by Stephanie Ritenbaugh


    A partner of Hybar is making an investment in solar power, which will be used to supply the Arkansas scrap recycler’s rebar mill.

    Green & Clean Power (GCP) LLC said it raised about $300 million of debt and equity financing to build and operate a solar energy generation and battery storage facility on nearly 500 acres in Osceola, Ark. The plant is under construction and is expected to be completed in fall 2025.

    Stephanie Ritenbaugh

    Read more from Stephanie Ritenbaugh

    Latest in Market Data

    Apparent steel supply remains historically strong through August

    The volume of finished steel that entered the US market increased 1% from July to August to the second-highest monthly level recorded in the past four years, according to SMU’s analysis of recently released Department of Commerce and American Iron and Steel Institute data. Apparent steel supply is calculated by combining domestic mill shipments and finished US steel imports, then subtracting total US exports. It can be used as a proxy for domestic steel demand. Supply has remained historically strong since May, when it surpassed the 9 million st mark it had previously been beneath for four years.

    US shipments of heating and cooling equipment slow further in August

    Total shipments of heating and cooling equipment cooled further in August, according to the latest figures from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). After falling 11% month on month (m/m) in July, shipments slipped another 10% in August. The monthly pace marks the third-slowest shipment rate year-to-date. Shipments of water heaters, air conditioners, and heat pumps declined m/m, while warm-air furnace shipments picked up. Compared with a year earlier, only air conditioners and heat pumps increased.