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Steel Dynamics to share site with JM Steel

Posted at 6:44 PM, May 19, 2020
and last updated 2020-05-19 19:44:22-04

CORPUS CHRISTI, Texas — Another industrial business will be moving into Sinton. JM Steel recently announced a colocation on the Steel Dynamics, Inc. site in Sinton.

The Corpus Christi Regional Economic Development Corporation says the company will hire approximately 50 employees in addition to the 600 or more Steel Dynamic, Inc. estimates to hire for its workforce.

JM Steel is an affiliate of Pittsburgh based company, JENNMAR. JM Steel specializes in flat rolled steel products. According to a memo form JENNMAR's leadership, "the new mill will target an estimated 27 million tons of regional market place driven by manufacturing, automotive, construction, transportation, and energy markets." It will have an estimated annual capacity of 3.0 million tons, and boast "Next Generation" electric - arc- furnace (EAF) technology. JM Steel hopes to boast having the largest, most capable slitter in the United States. The plant and the slitter will be operational by June 30th, 2021. The company will phase in expansions over the next four years that include products to serve mining markets in Mexico, Honduras, Costa Rica, Chile and Peru.

“This is great news for our region,” said Iain Vasey, President and CEO of CCREDC. “Investment in steel production and manufacturing is an essential piece of our economic diversification efforts for the region, identified as a growth-opportunity sector in a study we conducted in 2015. The impact of the SDI project, JM Steel, and the future companies that will follow them will continue to benefit our region for many years to come, providing high paying jobs for residents of the Coastal Bend.”

Vasey added, “We advocated for the development of a steel industry campus, led by Steel Dynamics, Inc and its partners. Hopefully, the JM Steel project is just the first of many companies to choose to co-locate with SDI over the next few years.”