Steel Dynamics to Invest in EAF Flat-Roll Steel Mill
Steel Dynamics Inc. will construct a new state-of-the-art, electric-arc furnace (EAF) flat-roll steel mill in the U.S. The facility is anticipated to have an annual production capacity of approximately 3 million tons with the capability to produce the latest generation of advanced high-strength steel products. The current estimated investment is $1.7-1.8 billion, with anticipated direct job creation of approximately 600 positions. The project will include a galvanizing line with an annual capacity of 450,000 tons.
The company currently expects to locate the facility in the southwestern U.S. to serve not only the southern U.S. but also the Mexican flat-roll steel market. Upon final site selection and the receipt of required environmental and operating permits, Steel Dynamics expects to begin construction in 2020 and commence operations in the second half of 2021.
The product offering is anticipated to include various flat-roll steel products, including hot-roll, cold-roll, galvanized and painted steel. The facility will primarily serve the energy, automotive, construction and appliance markets. According to Steel Dynamics, the company plans to utilize new technologies that will further reduce the gap between existing EAF and integrated steel mill production capabilities.