Steel Dynamics, Inc. announced that its Board of Directors has authorized the company to construct a new state-of-the-art, electric arc furnace flat roll steel mill in the United States. The facility is anticipated to have an annual production capacity of approximately 3.0 million tons with the capability to produce the latest generation of Advanced High Strength Steel products.
The project will include value-added finishing lines, including a galvanizing line with an annual capacity of 450,000 tons, and a paint line with an annual coating capacity of 250,000 tons. The product offering is anticipated to include various flat roll steel products, including hot roll, cold roll, galvanized, Galvalume and painted steel, primarily serving the energy, automotive, construction, and appliance sectors.
The current estimated investment is $1.7 billion to $1.8 billion, with anticipated direct job creation of approximately 600 positions.
The company currently expects to locate the facility in the southwestern United States, to cost effectively serve not only the southern United States, but also the underserved Mexican flat roll steel market. Determination of the final site location is subject to state and local government infrastructure and incentive support. Upon final site selection and the receipt of required environmental and operating permits, the company would expect to begin construction in 2020, followed by the commencement of operations in the second half of 2021.
In a statement, Mark. D. Millett, President and Chief Executive Officer, said, "We plan to utilize new technologies that will further reduce the gap between existing EAF and integrated steel mill production capabilities."