Kyoei Steel raises Vinton Steel (US) mill investment to $437 million
Steel & metalsTexasreshoring
Kyoei Steel has increased total capex for its Vinton Steel LLC subsidiary in Texas from $327 million to $437 million, reflecting inflation, supply-chain cost pressures, and construction demand in the US. The project includes a new steelmaking facility (360,000 net tons/year capacity) and major renovation of the rolling mill, with construction commencing July 2026 and integrated production starting October 2027. This cornerstone North American facility will deploy world-first direct-cast billet welding-and-rolling technology.
Company
Kyoei Steel
Investment
$437M total, revised upward from $327 million
Location
Texas, Vinton area
Capacity
360,000 net tons/year
Announced
Jul 31, 2026
Ticker
5440
Contractor
Techint E&C
Equipment/Vendor
Tenova (steelmaking facility), Pomini Long Rolling Mills (rolling equipment)
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