By Jeff Ferry, CPA Chief Economist
On Oct. 20th, US Steel produced the first ton of steel from a brand new steelmaking facility in Fairfield, Alabama. The new facility uses the latest, cleanest steelmaking technology, an electric arc furnace (EAF), and will produce 1.6 million tons of steel a year. Three days later, Nucor broke ground at Brandenburg, Kentucky on a new steel plate mill that will employ 400 staff at an average annual salary of $72,800. In August, Commercial Metals Company announced plans to build a second rebar mill at its Mesa, Arizona location, to employ 185 staff when complete. The new mill will use an innovative process to reduce power consumption and will also include a solar array on the premises to generate renewable energy, making it one of the cleanest steel mills in the world. Arizona officials say the new mill will bring a total of 1,000 new manufacturing jobs to the state.