Charter Steel to Build SBQ Bar Mill
Charter Steel announced plans to build a special-bar-quality (SBQ) bar mill adjacent to its existing coil mill and steelmaking operations in Cuyahoga Heights, Ohio. The highly automated rolling mill will utilize precision sizing to produce diameters from 0.75 to 3.25 inches (19 to 83 mm) in bar lengths from 12 to 50 feet (3.7 to 15.3 meters). The $150 million project, which will not interrupt existing steel coil operations, will create about 25 jobs and represents the largest single investment in the family-owned company’s 81-year history. Since 2006, Charter Steel has invested more than $250 million to add new steelmaking assets and technology, including an electric-arc furnace, ladle metallurgical refinement, deep vacuum tank degassing and an advanced billet caster.