Charter Steel has announced plans to invest $150 million in a new highly-automated, Special Bar Quality (SBQ) bar mill adjacent to its existing coil mill and steelmaking operations in Cuyahoga Heights, Ohio. The company said in a press release that the project will support new markets and add production flexibility.
Construction of the new mill is expected to begin in the spring of 2017. The facility is expected to be fully functional by the second half of 2018 with an expanded workforce of 25 employees. Ongoing operations will not be affected through the construction period.
Charter Steel has produced SBQ coiled-rod and coiled-bar products in Cuyahoga Heights since 2002. Since 2006, the company has invested over $250 million in new steelmaking assets and technology to the site that includes an electric arc furnace, ladle metallurgical refinement, deep vacuum tank degassing and an advanced billet caster.