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Steel Dynamics to Invest $75 Million for Expansion of its Structural and Rail Division in Columbia City, Indiana

Steel Dynamics to Invest $75 Million for Expansion of its Structural and Rail Division in Columbia City, Indiana

Introduction:

Steel Dynamics, Inc. plans for the expansion of its Structural and Rail Division located in Columbia City, Indiana with an investment of $75 Million.

Features:

This expansion will utilize excess melting and casting capability and further diversify its product portfolio and market sector exposure. This project provides for the annual production of 240,000 tons of reinforcing bar in various sizes with product sales including coiled, custom cut-to-length and smooth bars in sizes from #3 to #8 reinforcing bars.

The size offerings represent approximately 70% of 2016 total domestic reinforcing bar consumption. Upon completion, the expansion is expected to add approximately 33 local jobs.

The project entails the addition of a rolling mill, supported by certain other equipment and infrastructure requirements. Subject to the anticipated receipt of necessary permits, which the company expects to be forthcoming in short order, and the receipt of state and local government support, the project is scheduled to be completed during the fourth quarter 2018.

Specifications:

Company Name Steel Dynamics
Location Columbia City, Indiana
Type Expansion
Estimated Cost $75 Million

 

Source: prnewswire.com

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