Commercial Metals Company is building its third micro-mill in Arizona. It says the facility will be the first in the world to produce merchant bar quality products through a ‘continuous-continuous production process’.
The new mill will replace higher cost rebar capacity. Total investment costs are put at around US$ 300 million (EUR 253 milllion), with commissioning beginning in early 2023.
The site will employ a crew of 185 people and achieve an estimated annual capacity of 500 000 tonnes, including 150 000 tonnes of merchant product.
Having the mill next to CMC’s current facility at Mesa, Arizona will enable the company to leverage its existing infrastructure and micro-mill expertise of its engineering and operating personnel.
‘This is a smart growth initiative that feeds the large underlying West Coast demand for rebar and merchant bar, replacing inefficient existing rebar capacity with environmentally friendly technology,’ says company ceo Barbara Smith.
‘By monetising the significant value associated with our Southern California real estate, this lowers the project’s capital requirements and increases its returns,’ she adds. ‘Offering bottom line growth and significant environmental benefits, this project is a win for our customers, employees, the local community and shareholders.’
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