Commercial Metals Co., an Irving, Texas-based steel and metal product manufacturer and recycler, announced plans Thursday to build the company’s third “micro mill,” which will be located in Mesa.
"We are excited by the tremendous promise of CMC's third micro mill,” Barbara R. Smith, chairman, president and CEO of Commercial Metals Co. said in a statement. “This is a smart growth initiative that feeds the large underlying West Coast demand for rebar and merchant bar, replacing inefficient existing rebar capacity with environmentally friendly technology. By monetizing the significant value associated with our Southern California real estate, this lowers the project's capital requirements and increases its returns.”
The mill will cost about $300 million to construct and is scheduled to be operational in early 2023. The mill will be constructed adjacent to the company’s existing Mesa facility, east of Signal Butte Road on Germann Road.
The company is still working on the permitting, site plan approval and incentive processes with the city and state.