Steel Dynamics Inc. announced that its Board of Directors authorized the company to construct and operate a 650,000-metric-ton low-carbon, recycled aluminum flat-rolled mill, with two supporting satellite recycled-aluminum slab centers. The capital investment is estimated to be $2.2 billion for the three facilities, and commercial production is planned to begin in the first quarter 2025. The facility will utilize a significant amount of aluminum scrap in its production process supported by the company’s metals recycling platform, which Steel Dynamics says is the largest nonferrous metals recycler in North America.

The planned $1.9 billion aluminum flat-rolled mill will be located in the southeastern United States. The product offering will be supported by various value-added finishing lines, including CASH (continuous annealing solutions heat-treating) lines. Steel Dynamics will own over 94% of the rolling mill through a joint-venture arrangement with Unity Aluminum Inc., whose employees provide significant aluminum industry operating expertise to the project.