The first new steel mill in Youngstown, Ohio, in decades is being built to supply small-diameter steel pipe for robust activity in Marcellus Shale gas-and-oil exploration. The plant is conveniently located within the geologic formation’s perimeter. Marcellus Shale is a Devonian formation situated within North America’s Allegheny Plateau. The $650-million V&M Star mill, to be sited next to an existing V&M mill, will enable the owner to fill rising demand for smaller tubes ranging in size from 23⁄8 in. to 7 in. “It’s got to be the first new steel-making facility [in the area] in at least 40 years,” says
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.