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New Steel International planning a mega steel mill near Durand city in Michigan

Steel News - Published on Tue, 05 Dec 2017

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According to Crain's Detroit Business, New Steel International Inc CEO John Schultes has confirmed his company is part of a proposed project that has been wrapped in secrecy all year. Schultes said in a telephone interview with Crain's Detroit Business that "It's a little too early to really go public with things. There are a lot of companies trying to make this happen."

Developers are hoping to build a sprawling steel mill with a coal fired power plant to melt iron ore. The facility would produce high-strength steel. Few details have emerged yet about the plant, the timeline or its financing.

New Steel International has sought a USD 7 billion loan the US Department of Energy's Advanced Technology Vehicles Manufacturing Loan Program for construction of the plain.

The "Project Tim" plant site's proposed footprint is northeast of the Durand city limits on mostly open farm land along I-69. More than 800 acres of mostly farmland northeast of Durand on both sides of I-69 in the Vernon Township area are under option for the development.

New Steel International's offices are based in Middletown, Ohio, about 35 miles north of Cincinnati.

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Posted By : Rabi Wangkhem on Tue, 05 Dec 2017
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