• SMU new site announcement banner
  • Skip to main content

    Economy

    Ohio Company Seeks Loan for New Steel Mill in Michigan

    Written by Sandy Williams


    An Ohio-based company is taking the lead on a possible new multi-billion dollar steel mill proposed in Shiawassee County, Michigan, according to a Dec. 4 report in Crain’s Detroit Business.

    New Steel International reportedly is seeking a $7 billion federal loan through the U.S. Department of Energy to place a steelmaking plant in Durand, Mich., 40 miles northeast of Lansing, to make advanced high-strength steels for the auto industry.

    Latest in Economy