New Steel Mill Capacity

North American steel mills have recently completed or are underway with annual capacity additions totaling more than 30 million short tons of flat-rolled steel products. The cost: more than $20 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 Added capacity (short tons per year) Type or project Completion date Investment Source
1 Stelco (now owned by Cleveland-Cliffs) Nanticoke, Ontario, Canada 300,000 Blast furnace upgrade Q4 2020
2 U.S. Steel (Big River Steel) Osceola, Ark. 1.65 million Added second EAF, doubled capacity at existing EAF steet mill (to 3.3 million stpy) Nov. 2020 $1.2 billion
3 Ternium Pesquería, Nuevo Leon, Mexico 4.4 million New hot rolling mill May 2021 $1.1 billion
4 Steel Dynamics Inc. (SDI) Sinton, Texas 3 million Greenfield EAF sheet mill Feb. 2022 $1.9 billion
5 North Star BlueScope Delta, Ohio ~950,000 Expansion of existing EAF sheet mill: 3rd EAF and 2nd caster. May 2022 $700 million
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. 1.65 million New EAF Commissioning began, first heat expected Q2'25 $775 million
10 ArcelorMittal México Lázaro Cárdenas, Michoacán, Mexico 2.75 million New hot rolling mill 2021 $1 billion
11 U.S. Steel (Big River 2) Osceola, Ark. 3 million New EAF sheet mill 2025 $3 billion
13 Ternium Pesqueria, Nuevo Leon, Mexico 2.86 million EAF, DRI, slab mill Expected H1'26 $2.2 billion
14 AM/NS Calvert Calvert, Ala. 1.65 million Addition of a second EAF is still under consideration.
15 Algoma Sault Ste. Marie, Ontario, Canada 3.7 million Adding two EAFs to replace BF/BOF Commissioning began Q4'24, ramp-up Q1'25 CA$700 million
16 North Star BlueScope Delta, Ohio ~300,000 Debottlenecking plan, including updates to HSM. Phased approach to 2028 $87.7 million
17 Hyundai Steel Ascension Parish, La. TBD Greenfield EAF mill and DRI facility Expected 2029 $5.8 billion
Company Location Added capacity (short tons per year) Type or project Completion date Investment Source

Last reviewed: June 12, 2025