Michigan-based flat steel and aluminum service center Mill Steel Co. announced the purchase of a 90,000 square foot facility in Mansfield, Ohio. This expansion supports Mill Steel's recent acquisition of Cleveland Metal Exchange (CME), signaling the company's entrance into the flat-rolled stainless steel and aluminum metal markets.
In a press release, the company said the new location is equipped with a 72-inch Pro Eco Slitting Line, 60-inch Paxson Slitting Line, as well as a 50-foot-deep looping pit for surface-critical material processing. Additionally, Mill Steel plans to add cut to length processing capabilities.
The company noted that the facility is strategically located for ease of access by rail and interstate, and it also neighbors Cleveland Cliffs Mansfield Works, providing an advantageous supply option for its growing stainless and aluminum segment.
Concurrently, Mill Steel is making an $18 million investment into its Detroit facility with the addition of a new slitting line, new pack line, two state of the art cranes, and 50,000 square feet of warehouse space. These changes are slated to be complete in 2024 and complement Mill Steel's vast processing network to keep pace with its expanding book of business.
"The proximity to our customer base and geographic benefits made this an excellent opportunity. I look forward to the additional capacity this provides to support our double-digit growth" said Mill Steel CEO, Pam Heglund.