Industrial steel processor announces $30 million expansion in Hickory

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North Carolina Construction News staff writer

Steel Warehouse Company, a steel service center invest more than $30.5 million to locate a state-of-the-art facility in the City of Hickory.

The75-year-old family-owned steel solutions provider and service center is headquartered in Indiana and operates 15 locations across the United States, Mexico, and Brazil. Distributing over two million tons of coil, sheet, and plate annually in hot- and cold-rolled materials, Steel Warehouse serves industries including aerospace, agriculture, automotive, construction, energy, and transportation.

The latest expansion in Hickory is set to be an innovative operation, featuring enhanced processing capabilities designed to bolster the region’s industrial supply chain.

“We are excited to put down roots in North Carolina, providing cutting-edge capabilities to support our customers in the region,” said Dave Lerman, chairman of the board for Steel Warehouse. “We view this as an attractive place to invest for the long term.”

A performance-based grant of $120,000 from the One North Carolina Fund will help Steel Warehouse of North Carolina LLC establish its new operations. The One NC Fund provides financial assistance to local governments to help attract economic investment and create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require matching participation from local governments and any award is contingent upon that condition being met.

“We are elated to welcome Steel Warehouse to Catawba County,” said N.C. Senator Dean Proctor. “Our manufacturing workforce is second-to-none for companies of this caliber and we stand ready to support them as they establish operations in Hickory.”

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