Charter Steel Expansion
Completed: 2019
The expansion of Charter Steel’s wire rod production facility is helping the company to stay competitive in the U.S. steel industry. Charter Steel, a division of Charter Manufacturing, is a leading American supplier and manufacturer of carbon and alloy steel bar, rod and wire products. They operate a fully integrated mini mill in Cuyahoga Heights that includes a state-of-the-art melt shop and a rolling mill. Specifically, the project invests in the “cut-to-length” bar market to further diversify its business and serve new markets, adding production flexibility for new and prospective customers. The new mill involved an investment of $153 million and represented the largest single investment in the family-owned company’s 81-year history.
Diversity and Inclusion
The project sponsor committed to construction participation goals for Minority, Female, and Cleveland Small Businesses (MBE/FBE/CSB) as well as minority, female and City of Cleveland resident workers.
Executed Community Benefits Agreement
The project sponsor has committed to quantifiable community impacts by executing a Community Benefits Agreement.
