The Arkansas Financial Growth Fee proclaims one other metal mill in Northeast Arkansas.

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Highbar LLC, a brand new firm, says it should construct a metal “mini mill” utilizing scrap steel to make rebar.

It’s going to sit on 600 acres outdoors Osceola, with a riverport facility and railroad connection, plus a photo voltaic set up. Developing is to start within the second quarter of 2023.

A information launch stated Highbar, an offshoot of International Principal Companions, will spend $500 million and create 200 direct and oblique jobs, with the direct jobs paying $140,000 a 12 months on common.

The discharge stated the enterprise had commitments to purchase 20 % of its output.


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