Newly formed Highbar has selected a Greenfield site in Northeast Arkansas to build the first of two rebar steel mini mills. The USD 500 million Highbar mill will sit on over 600 acres of property just outside of the town of Osceola. The project will include space for an expanded Mississippi River port facility, a direct Class 1 railroad connection, and a planned adjacent solar installation. Highbar CEO Mr Dave Stickler said “My team and I have had great success investing billions of dollars in Northeast Arkansas over the past eight years. I am pleased that after conducting a multi-state site searches that we are able to make this announcement. Arkansas is a great place to conduct business, especially steel business.” The mills are designed to be world leaders in terms of energy and water efficiency, labor productivity, and carbon emission reductions. Groundbreaking is scheduled to take place in the second quarter of 2023 once final permits are in place and equipment deliveries begin.