Metals recycling and products firm Commercial Metals Company has selected Durant, Oklahoma, as the location for construction of its second “micro mill.” The micro mill melts, casts and rolls steel from a single uninterrupted strand, producing higher yields and lower energy costs than the traditional minimill process, the company says.
This new investment in Oklahoma will mirror CMC’s existing micro mill in Mesa, Arizona and will be built with improved technology developed from CMC’s operating experience with the world’s first micro mill, which CMC commissioned in Mesa, Arizona, in 2009, the company says.
The addition of a second micro mill to CMC’s portfolio of highly efficient steel production facilities will help CMC supply long products to the US market as well as complement CMC’s existing recycling and fabrication footprint, helping the company further leverage its raw material supply chain and optimize product mix within existing operations, CMC says.
CMC expects the Oklahoma micro mill, utilizing Danieli technology and equipment, to be commissioned in the fall of 2017. The direct and indirect investment is expected to be in excess of $250 million, the company says.
Earlier this month the world’s biggest steel company ArcelorMittal, in partnership with carbon recycling company LanzaTech and Primetals Technologies, a technology and service provider to the iron and steel industry, announced plans to build Europe’s first-ever commercial scale production facility to create bioethanol from waste gases produced during the steelmaking process.