Steel Products Prices North America
Hanna Steel Announces $20M Expansion
January 31, 2023
Hanna Steel Corp. is investing $20 million to expand its steel production lines in Tuscaloosa, Ala.
The new investment is expected create 14 new jobs as the company will add equipment to expand certain slitter services, according to a release from the Tuscaloosa Economic Development Authority (TCEDA).
Hanna Steel is adding 9,000 square feet to its existing facility, the release said. The Tuscaloosa facility employs more than 220 people. It serves as the Alabama home for the company’s Southeast tubing operations, in which mechanical tubing and hollow structural sections (HSS) tubing are produced.
“Our organization and community have supported Hanna’s success since its beginning in 1991, and we look forward to continuing that partnership for another 30 years,” TCEDA chairman Norman Crow said.
Hanna Steel, headquartered in Hoover, Ala., has eight tube mills in Alabama and Illinois. The company provides ASTM standard structural and mechanical tubing domestically and internationally.
Construction on the expansion is slated to begin in the first half of 2023. It is expected to be fully operational during the second quarter of 2025, TCEDA said.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Steel Products Prices North America
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]
ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]