Texas electric arc furnace (EAF) rebar mill Vinton Steel plans to expand its melt shop and rolling mill more than previously anticipated.
Vinton's parent company, Kyoei Steel, on 16 January detailed an expanded investment plan that includes the construction and commissioning of a new 360,000 short ton (st)/yr melt shop by March 2027 and expansion of the existing rolling mill to 360,000 st/yr. Both projects will be 30,000 st/yr larger than what was announced a year ago.
Construction is expected to begin in April with the projects coming online in October 2027.
The investment will cost $327mn, which is $72mn higher than originally announced last January because of US import tariffs and inflationary pressures, including higher material and construction costs, Kyoei said.
