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Area Development - Site Selection, Facility Planning and Workforce Development

Steel Warehouse Company Plans Hickory, North Carolina, Operations

03/08/2024
Steel Warehouse Company, an industrial steel processor & steel sheet, coil & plate supplier, plans to establish operations in Hickory, North Carolina. The more than $30.5 million project is expected to create 58 jobs in Catawba County.

“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.

“To be an industry leader, growing companies need a strong foundation of skilled talent,” noted N.C. Commerce Secretary Machelle Baker Sanders. “Our keen focus on workforce training, as outlined in our strategic economic development plan, will ensure companies like Steel Warehouse can recruit and retain great workers.”

Steel Warehouse is a family-owned premier steel processor & service center with distribution, shipping, and processing capabilities providing slit coil, sheet, plate, and cold-rolling. The company operates 15 locations across the U.S., Mexico, and Brazil.

In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina (EDPNC), other key partners in the project include the North Carolina Department of Transportation, North Carolina Community College System, North Carolina Railroad Company, Norfolk Southern, Catawba County, Catawba County Economic Development Corporation, Duke Energy, and the City of Hickory.

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