SOURCE: Industrial Info Resources

Industrial Info Resources

August 25, 2011 06:20 ET

Gulf Coast States Attract Largest Projects in U.S. Steel Mill Construction at $17 Billion, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 25, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- First it was Alabama. In 2006, ThyssenKrupp AG (OTC:TYEKF) (Duesseldorf, Germany) announced a $3.7 billion investment in Calvert, Alabama, picking it over sites in other states. Five years later, ThyssenKrupp's investment has expanded to $5 billion and production is under way at the carbon steel mill, while construction continues on other sections of the complex, including the melt shop and stainless mill.

Now, both Texas and Louisiana have followed suit with mega-steel mill project developments. Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina) and Chinese import TPCO Enterprise Incorporated (Houston, Texas) have begun site preparation work this year on grassroot steel mills in Texas and Louisiana.

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