Domestic producers of concrete rebar, structural members and other hot-rolled steel products in construction markets or beyond will enjoy a strong recycling message in perpetuity, based on projections in the just published “A Transition Towards Scrap-based EAFs Accelerates the Competitiveness and Decarbonization of the American Steel Industry.” Electric arc furnace (EAF) steel accounts for about 70 percent of U.S. production,…
Read MoreTag: concrete rebar
Nucor scouts Pacific Northwest target sites for $860M rebar mill
The Nucor Corp. Board of Directors has approved an $860 million outlay to construct a 650,000-ton-per-year rebar micro mill in the Pacific Northwest. Equipped for a full range of concrete rebar sizes and spooling capabilities, the facility will be the producer’s fourth and largest such operation, with approximately 50 percent more capacity than a mill currently under construction in North…
Read MoreNucor budgets $860M for 650K-tpy rebar mill in Pacific Northwest
Sources: Nucor Corp., Charlotte, N.C.; CP staff The Nucor Board of Directors has approved an $860 million outlay to construct a 650,000-tons-per-year rebar micro mill in the Pacific Northwest. Equipped for a full range of concrete rebar sizes and spooling capabilities, the facility will be the producer’s fourth and largest such operation, with approximately 50 percent more capacity than a…
Read MoreEDSCO deal brings Commercial Metals specialty cage, hardware lines
Concrete reinforcing steel market leader Commercial Metals Co. has acquired Denton, Texas-based EDSCO Fasteners LLC from MiddleGround Capital, a private equity firm with New York and Kentucky offices. EDSCO custom engineers anchor cages, bolts, and fasteners to secure high voltage electrical transmission poles to concrete foundations. As the top source of such cages, it serves the North American market from…
Read MoreTensar International leads Commercial Metals into geogrid market
A top player in concrete rebar production and fabrication, Dallas-based Commercial Metals Co. (CMC) has entered a definitive agreement to acquire Tensar International Corp., Alpharetta, Ga., from Castle Harlan Partners V L.P. in a $550 million transaction. “This compelling acquisition advances CMC’s strategy to expand our leadership in construction reinforcement with value-added products that complement our existing offering,” says CMC…
Read More