Japan’s second largest steelmaker JFE Steel announced that California Steel Industries has decided to build a new No 3 Continuous Galvanizing Line at its mill in Fontana in California. The new galvanizing line will serve construction end markets in the western United States and is expected to have an annual capacity of 400,000 tons. The investment is expected to cost approximately USD 370 million and take 30 months to construct following regulatory approvals. Importantly, the new investment is not expected to require additional capital infusions from either of CSI’s shareholders. With this third line, CSI will have total hot dip galvanizing capacity of 1.2 million tons per year. JFE Steel has invested in CSI since 1984 and Nucor Corporation became a new joint venture partner in 2022 by acquiring Vale’s stake. JFE Steel has deepened our partnership with Nucor in various fields, including the joint establishment of NUCOR-JFE STEEL MEXICO in 2016. Name : California Steel IndustriesEstablishment: 1984Location: Fontana, CaliforniaPresident and CEO: Mr Zach MoonOwnership share: Nucor Corporation (51%), JFE Steel Corporation (49%)Hot-rolling mill: 2 million short tonCold-rolling mill: 1.2 million short ton2 galvanizing lines: 450,000 short ton and 325,000 short tonNo 2 ERW steel pipe mill: 400,000 short ton
Japan’s second largest steelmaker JFE Steel announced that California Steel Industries has decided to build a new No 3 Continuous Galvanizing Line at its mill in Fontana in California. The new galvanizing line will serve construction end markets in the western United States and is expected to have an annual capacity of 400,000 tons. The investment is expected to cost approximately USD 370 million and take 30 months to construct following regulatory approvals. Importantly, the new investment is not expected to require additional capital infusions from either of CSI’s shareholders. With this third line, CSI will have total hot dip galvanizing capacity of 1.2 million tons per year. JFE Steel has invested in CSI since 1984 and Nucor Corporation became a new joint venture partner in 2022 by acquiring Vale’s stake. JFE Steel has deepened our partnership with Nucor in various fields, including the joint establishment of NUCOR-JFE STEEL MEXICO in 2016. Name : California Steel IndustriesEstablishment: 1984Location: Fontana, CaliforniaPresident and CEO: Mr Zach MoonOwnership share: Nucor Corporation (51%), JFE Steel Corporation (49%)Hot-rolling mill: 2 million short tonCold-rolling mill: 1.2 million short ton2 galvanizing lines: 450,000 short ton and 325,000 short tonNo 2 ERW steel pipe mill: 400,000 short ton
