• DATVF.ATLPHL
    2.019
    0.012
    0.6%
  • DATVF.CHIATL
    1.953
    0.048
    2.5%
  • DATVF.DALLAX
    1.425
    0.138
    10.7%
  • DATVF.LAXDAL
    1.315
    -0.028
    -2.1%
  • DATVF.SEALAX
    0.998
    0.051
    5.4%
  • DATVF.PHLCHI
    1.164
    0.022
    1.9%
  • DATVF.LAXSEA
    2.229
    0.067
    3.1%
  • DATVF.VEU
    1.712
    0.027
    1.6%
  • DATVF.VNU
    1.565
    0.047
    3.1%
  • DATVF.VSU
    1.370
    0.055
    4.2%
  • DATVF.VWU
    1.614
    0.059
    3.8%
  • ITVI.USA
    11,623.440
    -228.660
    -1.9%
  • OTRI.USA
    17.540
    -0.840
    -4.6%
  • OTVI.USA
    11,613.050
    -228.060
    -1.9%
  • TLT.USA
    2.670
    0.000
    0%
  • WAIT.USA
    159.000
    19.000
    13.6%
  • DATVF.ATLPHL
    2.019
    0.012
    0.6%
  • DATVF.CHIATL
    1.953
    0.048
    2.5%
  • DATVF.DALLAX
    1.425
    0.138
    10.7%
  • DATVF.LAXDAL
    1.315
    -0.028
    -2.1%
  • DATVF.SEALAX
    0.998
    0.051
    5.4%
  • DATVF.PHLCHI
    1.164
    0.022
    1.9%
  • DATVF.LAXSEA
    2.229
    0.067
    3.1%
  • DATVF.VEU
    1.712
    0.027
    1.6%
  • DATVF.VNU
    1.565
    0.047
    3.1%
  • DATVF.VSU
    1.370
    0.055
    4.2%
  • DATVF.VWU
    1.614
    0.059
    3.8%
  • ITVI.USA
    11,623.440
    -228.660
    -1.9%
  • OTRI.USA
    17.540
    -0.840
    -4.6%
  • OTVI.USA
    11,613.050
    -228.060
    -1.9%
  • TLT.USA
    2.670
    0.000
    0%
  • WAIT.USA
    159.000
    19.000
    13.6%
NewsTrucking

Trump praises Texas steel mill project during USMCA signing ceremony

Steel Dynamics picked Sinton, Texas, to build a $1.9 billion flat roll steel mill because of its proximity to Mexico and the U.S. West Coast

President Donald Trump singled out a new steel mill project in Texas during the signing of the United States-Mexico-Canada Agreement (USMCA) trade pact last Wednesday.

Trump cited the Steel Dynamics Inc. (SDI) project in Sinton as an example of more manufacturing jobs returning to the U.S.

“Steel Dynamics is building a $1.9 billion flat roll steel mill near Corpus Christi,” Trump said during the ceremony. “And international automakers are pouring $25 billion into the United States, creating 50,000 new American jobs at a minimum. They are all investing in a future where we buy, hire and drive American cars again.”

Fort Wayne, Indiana-based SDI announced it was building the mill in July. Sinton is around 25 miles northwest of the Port of Corpus Christi.

The new steel mill will be near the Port of Corpus Christi along the Gulf of Mexico. Image: Steel Dynamics

SDI is one of the largest domestic steel producers and metals recyclers in the U.S. The Sinton location will speed steel delivery for SDI customers, including U.S. and Mexican pipe producers, officials said.

The company picked Sinton as the site of its newest mill because it expects Mexican steel consumption growth to outpace the U.S. based on Mexico’s growing manufacturing base.

“In 2018, the Mexican market imported 7.5 million tons of flat roll steel. Based on their growing manufacturing base, we believe Mexican demand growth will continue to outpace supply, making this an even more attractive underserved market in the coming years,” SDI President and CEO Mark Millett said during a fourth-quarter conference call with analysts Jan. 23.

Millett said the new steel mill will serve the Western U.S., as well as Texas, northern and central Mexico, Arkansas, and Oklahoma.

The mill is expected to create around 600 jobs and could be operational by the end of the year, Millett said.

The Sinton site already has transport access to railroads and highways as well as the Port of Corpus Christi and is less than 200 miles from the U.S.-Mexico border.

Tags
Show More

Noi Mahoney

Noi Mahoney is the Cross-Border Freight Market Reporter for FreightWaves.com. He graduated from the University of Texas at Austin with a degree in English in 1999. Mahoney has more than 20 years experience as a reporter and editor. He has worked for newspapers in Florida, Maryland and Texas.

One Comment

  1. Feb 4 2020
    CAMPAIGN 2020: BERNIE SANDERS response to President Trump’s State of the Union

    BERNIE SANDERS SAYS @ 12 minutes :

    THE AMERICAN PEOPLE WANT A GOVERNMENT THAT IS BASED ON THE PRINCIPLES OF JUSTICE & COMPASSION ,
    NOT GREED & CORRUPTION !

    @15 minutes raise minimum wage to $15 an hour ,

    PROVIDE EQUAL PAY FOR EQUAL WORK & MAKE IT EASIER FOR WORKERS TO JOIN UNIONS !!!!

    NO MORE TRUMP ! NO MORE TRUMP ! , NO MORE TRUMP !

    GO BERNIE GO , GO BERNIE GO , GO BERNIE GO !!!!

    (B)ernie (S)anders doesn’t mean BS , IT MEANS : (B)ETTER (S)YSTEM !!! BERNIE SANDERS = BETTER SYSTEM !!!

    GO BERNIE GO , GO BERNIE GO , GO BERNIE GO !!!

    In my humble opinion …………

Leave a Reply

Your email address will not be published. Required fields are marked *

Close