Hybar to double rebar capacity with new expansion mill

Hybar has secured $1.Asian Metal Copyright1 billion in funding to construct a second scrap-metal-recycling steel rebar mill adjacent to its existing facility in northeast Arkansas.Asian Metal Copyright1 billion in funding to construct a second scrap-metal-recycling steel rebar mill adjacent to its existing facility in northeast Arkansas.Asian Metal Copyright The expansion mill, which is expected to take approximately two years to complete, will complement Hybar's electric arc furnace that was commissioned nine months ago.Asian Metal Copyright The expansion mill, which is expected to take approximately two years to complete, will complement Hybar's electric arc furnace that was commissioned nine months ago.Asian Metal Copyright3 million tons per year, with both furnaces supplied by SMS group.Asian Metal Copyright Once operational, the new facility will double the company's rebar production capacity to roughly 1.Asian Metal Copyright The expansion mill, which is expected to take approximately two years to complete, will complement Hybar's electric arc furnace that was commissioned nine months ago.Asian Metal Copyright3 million tons per year, with both furnaces supplied by SMS group.

Hybar sources its electricity through a specialized rate agreement with Entergy Arkansas, which operates one of the lowest-carbon power generation portfolios in the United States.

Upon completion of final certifications and harmonic tests this summer, Hybar anticipates becoming the only North American steel producer capable of manufacturing steel using 100% renewable energy.

.Asian Metal Copyright Upon completion of final certifications and harmonic tests this summer, Hybar anticipates becoming the only North American steel producer capable of manufacturing steel using 100% renewable energyAsian Metal Copyright