September 08, 2008

CMC completes purchase of Micro Steel Mill

It is reported that Commercial Metals Co has completed the purchase of land at Mesa in Arizona for around USD 14.75 million.

According to published reports Commercial Metals Co will look to build a micro minimill at the site. The mill is expected to have an annual capacity of 280,000 tons. It will use ferrous scrap as the raw material. The facility is expected to cost around USD 130 million.

Commercial Metals officials said they want to build a micro mill in east Mesa because of the area’s rapid growth and relatively strong construction markets.

The final design of the mill is not yet completed, but construction is expected to begin in early 2008 with completion by early to mid 2009.

The project which was approved by the Mesa City Council in mid July 2007 will be the first micro mill operated by Commercial Metals in the United States. East Valley Tribune

At full operation, the plant will employ 150 to 200 people.