Consultants Forum Advertise
Subscribe
Area Development Magazine Current Issue

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development

Highbar Plans Osceola, Arkansas, Rebar Steel Mini Mills

11/03/2022
Highbar, a newly formed company focused on sustainable scrap metal recycling and steel production, will establish the first of its two rebar steel mini mills outside of Osceola, Arkansas. The $500 million project is expected to create 200 jobs.

The mill will sit on an over 600-acre greenfield site which will include space for an expanded Mississippi River port facility, a direct Class 1 railroad connection, and a planned adjacent solar installation. Groundbreaking is scheduled for the second quarter of 2023.

"My team and I have had great success investing billions of dollars in northeast Arkansas over the past eight years. I am pleased that after conducting a multi-state site search that we are able to make this announcement today," said Dave Stickler, CEO of Highbar and senior managing partner of Global Principal Partners, a leading metals and mining investment and project development firm. "Arkansas is a great place to conduct business, especially steel business."

Highbar has already achieved significant market acceptance with over 20% of its output pre-sold under long-term agreements.

"Arkansas continues the momentum to become a national leader in the steel industry," Arkansas Secretary of Commerce Mike Preston noted. "Companies like Highbar are looking for locations where they can find a qualified workforce and low business costs while being able to get products to customers quickly and efficiently. Arkansas checks all of the boxes, and companies are taking note. I am confident we will continue to see many such investments in the future."

Podcast

Apple Podcasts Spotify

Magazine

Past Issues
Area Development Magazine Q1 2026
Q1 2026

Receive quarterly issues of Area Development Magazine at no charge for qualified executives and consultants to industry.

Exclusive Research