Two More Reasons for Optimism About the Steel Industry’s Recovery
American steel is on the rise, and there’s plenty of optimism in the air. Recently, two prominent companies announced major expansion projects that will create jobs and potentially spark future growth.
Here are the details on the two stories that have us excited about the industry’s revival:
SteelFab Inc. Plans Expansion in South Carolina
In August, SteelFab Inc. announced it had invested more than $5 million into an operational expansion in Florence County, South Carolina. The company expects to create 28 new jobs through this project.
SteelFab Inc. is one of the leading AISC-certified fabricators with 15 locations stretching from the Carolinas to the Pacific Northwest. The company says this expansion will increase its overall capacity for the cutting, drilling and fabrication of structural steel. It will also create a third production line.
“This project is SteelFab Inc.’s largest capital expenditure in its Florence plant since opening in 1988,” said Rob Rutherford, SteelFab Inc. South Carolina division president. “We are proud to be a part of the Florence community, which has helped us achieve incredible growth over the past 32 years.”
Construction is expected to be completed by the second quarter of 2021, while the entire expansion is projected to wrap up by 2025.
DIS-TRAN Steel to Open New Plant in Ohio
The other major piece of news is that DIS-TRAN Steel announced plans earlier this month to open a new plant in Fayette County, Ohio, which is an hour east of Dayton. Even more exciting is that DIS-TRAN Steel plans to hire 200 people over the next five years for the plant.
DIS-TRAN Steel’s new plant will be an existing 58,000-square-foot facility in Washington Court House. The plant will produce tapered tubular steel poles for the electric utility industry and will help the company better serve customers in the Ohio Valley, Northeast and Upper Midwest. The company expects to reach full production capability early in 2021.
“This expansion is intended to build the foundation for the future of our company, and we see this growth as vital to supporting our customers in the development of America’s utility infrastructure,” said Jarrod Gemar, vice president of business operations for DIS-TRAN Steel.
Our Industry’s Revitalization Is Underway
As the country continues to recover from the ramifications of the COVID-19 pandemic, so will the American steel industry. The expansions of SteelFab Inc. and DIS-TRAN Steel are just two examples of our industry’s revitalization.
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