North American steel mills have recently completed or are underway with capacity additions totaling nearly 25 million tons per year of flat-rolled steel products. The cost: nearly $9 billion. That tally includes slab, sheet and plate. If you know of any new steel capacity coming online, please let us know. We will continue to update the chart. You can reach us at info@steelmarketupdate.com.
New Steel Mill Capacity
| wdt_ID | Company | Location | Capacity (short tons per year) | Type or Project | Completion Date | Investment | Source |
|---|---|---|---|---|---|---|---|
| 1 | Stelco | Nanticoke, Ontario | 300,000 | Blast furnace upgrade | |||
| 2 | U.S. Steel (Big River Steel) | Osceola, Ark. | 1.65M | Doubling of capacity at existing EAF steet mill | $1.2B | ||
| 3 | Ternium | Pesquería, Mexico | 4.4M | New hot rolling mill | $1.1B | ||
| 4 | Steel Dynamics Inc. (SDI) | Sinton, Texas | 3M | Greenfield EAF sheet mill | $1.9B | ||
| 5 | North Star BlueScope | Delta, Ohio | ~1M | Expansion of existing EAF sheet mill: 3rd EAF and 2nd caster. First coil produced in June. Construction "substantially complete" as of August 2022. | $700M | ||
| 6 | Nucor | Ghent, Ky. | 1.4 million | Complete mill modernization. Added EAF, increasing mill's annual capacity from 1.6 million to 3 million short tons. | June 2022 | $650 million | |
| 7 | Nucor | Mason County, W.Va. | 3 million | New EAF sheet mill | Ground broke October 2023. Construction expected to last two years. | $3.1 billion | |
| 8 | Nucor | Brandenburg, Ky. | 1.2 million | Greenfield EAF plate mill. First plate rolled on Dec. 30, 2022. | Dec. 2022 | $1.7 billion | |
| 9 | AM/NS Calvert | Calvert, Ala. | 3.3M | Addition of one 1.65M-tpy EAF in H2'23. Second 1.65M-tpy EAF being studied. | $775M | ||
| 10 | ArcelorMittal México | Lázaro Cárdenas, Michoacán | 2.75M | New hot rolling mill | $1B | ||
| 11 | U.S. Steel (Big River 2) | Osceola, Ark. | 3M | New EAF sheet mill | H2'24 | $3B | |
| 12 | Total | 25M | $14.8B | ||||
| Company | Location | Capacity (short tons per year) | Type or Project | Completion Date | Investment | Source |