Steel Manufacturers Plan $566.6 Million in Second-Quarter Steel Project Kickoffs

---

Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. steel manufacturing and processing firms have scheduled 44 steel-related project kickoffs in the second quarter 2015, with a combined worth of $566.6 million. Nine of the projects, valued at $304 million, are in the planning phases, where a variety of factors could alter their outcome. Texas has just two projects set for a second-quarter kickoff, but a $100 million steel rebar mill puts the Lone Star State at the front of the pack in terms of investments.

Texas Steel LLC and its parent company, Tondu Corporation (Houston, Texas), plan to build a 200,000-ton-per-year grassroot steel rebar mill in or near Waco, Texas.

Other top states include Alabama, South Carolina, Indiana and North Dakota.

In Alabama, United States Steel Corporation (NYSE:X) (Pittsburgh, Pennsylvania) has received capital approval for an electric arc furnace addition at its 2.4 million-ton steel mill in Fairfield. The arc furnace will replace blast furnace-based operations. Completion of the project, which is valued at $75 million, is set for first-quarter 2017.

South Carolina is slated for four project kickoffs, with a combined value of $74 million. Two of those projects, Phase II of the Newberry steel cord-manufacturing plant expansion, and the Summerville stainless steel & titanium wire mill expansion, each have a total investment value of $30 million. Kiswire Incorporated (Busan, South Korea) plans to complete a 170,000-square-foot plating operations building at its Newberry site in fourth-quarter 2015. Zapp Precision Wire Incorporated (Summerville), which is part of the Zapp Group (Ratingen, Germany), is set to complete the Summerville mill expansion in third-quarter 2015.

Indiana has six steel-related projects, with a total value of $42 million, which are set for kickoff in the second quarter.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.