US-based Charter Steel has unveiled plans to build a new $150M Special Bar Quality (SBQ) bar mill in Cleveland, Ohio.
The new facility, which will be located adjacent to the company’s existing coil mill and steelmaking operations in Cuyahoga Heights, will make use of precision sizing to produce diameters from .750 to 3.250 inches in bar lengths from 12 to 50 feet.
John Mellowes, CEO of Charter Manufacturing Company, Charter Steel parent company, said: “Growth and continuous improvement are in Charter’s DNA. We see an opportunity here to grow by leveraging a very successful high-service model, coupled with advanced steelmaking, to serve both existing and prospective new customers with an engineered, cut-length bar.
“That said, we will be forever fastened to our loyal coiled-rod and coiled-bar customers. In fact, as part of this project, we will also be adding new coil finishing assets that will enhance our coil package, our surface quality and the flexibility to roll more sizes more often — coiled or straight.”
Construction work is expected to begin early this year, with the facility expected to be operational in the second half of 2018. The project, which is the largest single investment in the company’s history, is anticipated to lead to the creation of about 25 jobs.
* For more information on the US construction market, visit the Construction Intelligence Center Report Store.