Berkeley County, WV- Commercial Metals Company (NYSE: CMC) (“CMC”) announced today Berkeley County, West Virginia, will be the site of its fourth micro mill (MM4). The project, budgeted to cost approximately $450 million net of incentives, is expected to have an annual capacity of 500,000 tons and employ approximately 230 people on a full-time basis. MM4 will be capable of producing various sizes of both straight length and spooled rebar. Based on anticipated timelines for permitting and construction, the new plant is scheduled to begin operations in late calendar 2025.
Barbara R. Smith, Chairman of the Board, President and Chief Executive Officer, said, “We are pleased to enter the next phase of this exciting investment, and to establish CMC’s manufacturing presence in West Virginia. The state offers several attractive advantages for MM4, including a welcoming business climate and a skilled available labor force. The planned site, located in the eastern panhandle of the state near Martinsburg, is well situated to serve key metropolitan markets in the Mid-Atlantic and Northeast, as well as the Midwest.”
Ms. Smith continued, “MM4 is a core component of CMC’s strategic growth plan and will help ensure our long-term competitiveness in critical geographical markets. We believe this new micro mill, among the most environmentally friendly steelmaking operations in the world, will strengthen our operational network throughout the Eastern U.S. by achieving synergies with our existing mill and downstream facilities.”
“We thank Governor Jim Justice, the entire West Virginia economic development team, and the dedicated Berkeley County staff for their support during the site selection process and for the welcome given to this important project. We look forward to becoming a vital part of the Berkeley County community and growing our presence in the Mountain State.”
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