Mill Steel acquires a 90,000 square foot facility in Mansfield, Ohio. This facility will serve as its primary in-house processing location for stainless steel and aluminium flat-rolled products, as well as carbon steel offerings.
Mill Steel Co., has announced the purchase of an 90,000 square foot facility in Mansfield, Ohio. This expansion supports Mill Steel’s recent acquisition of Cleveland Metal Exchange (CME), signaling the company’s entrance into the flat-rolled stainless steel and aluminium metal markets.
The new location is equipped with a 72” Pro Eco Slitting Line, 60” Paxson Slitting Line, as well as a 50-foot-deep looping pit for surface-critical material processing. Additionally, Mill Steel plans to add cut to length processing capabilities. This will provide a greater opportunity to leverage competitive sourcing and delivery costs for its budding Midwest customer base.
The facility is strategically located for ease of access by rail and interstate. It neighbors Cleveland Cliffs Mansfield Works, providing an advantageous supply option for its growing stainless and aluminium segment.
Concurrently, Mill Steel is making an $18 million investment into its Detroit facility with the addition of a new slitting line, new pack line, two state of the art cranes, and 50,000 square feet of warehouse space. These changes are slated to be complete in 2024 and complement Mill Steel’s vast processing network to keep pace with its expanding book of business.
“The proximity to our customer base and geographic benefits made this an excellent opportunity. I look forward to the additional capacity this provides to support our double-digit growth” said Mill Steel CEO, Pam Heglund.