EVRAZ Eyes Expansion of U.S. Rail Capabilities

“Major customers are supportive of the project with about 40% of forecasted volume locked in long-term contracts – additional volume commitments are possible in the coming months,” the company said.

The mill would be on the site of the facility’s shuttered coke plant, which closed in the early 1980s. The project, if built, would be supported by US$75 million in tax-increment financing plus an additional US$15 million incentive from the city of Pueblo.