Steel Mills
Flack Global Metals to Build Facility Near Big River Steel
Written by Sandy Williams
November 13, 2019
Flack Global Metals says it will move forward on plans to build a new coil coating and downstream processing facility adjacent to Big River Steel in Osceola, Ark. The new facility will cost approximately $150 million and create more than 150 new jobs.
This investment, if completed, will add production capability to the Big River Steel campus for pre-painted steel and aluminum coils. Downstream slitting, blanking and embossing are being developed to further add value to painted material and to complement FGM’s growing business platform.
Big River Steel and the Arkansas Economic Development Corporation worked together to bring Flack Global to Arkansas.
“We look forward to continuing to collaborate with FGM on the development of this advanced facility and are thrilled about the value it could bring to Arkansas,” said Big River Steel CEO Dave Stickler.
“The state-of-the-art facility will not only leverage the latest in coil coating technology but also strategically position us to be a market leader in the production of surface and flatness critical steel and aluminum materials across a wide variety of applications,” said FGM Founder and CEO Jeremy Flack.
Flack Global Metals hopes to begin construction on the facility next summer and begin production in late 2021.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
AISI: Raw steel production eases to 5-week low
Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.
Nucor maintains HR price at $750/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.
Mexican court orders sale of officially bankrupt AHMSA
After failing to reach agreements with its creditors, Altos Hornos de México (AHMSA) has been formally declared bankrupt by a Mexican bankruptcy court.
AISI: Raw steel production edges back up
Domestic raw steel production recovered last week, after slipping the week prior, according to the latest American Iron and Steel Institute (AISI) data. Weekly production remains at some of the lowest levels recorded this year.
Cliffs closes its 2024 HR spot book
Cleveland-Cliffs announced the closing of its December order book for hot-rolled coil spot purchases, though it said contract bookings remain available.