A leading North American steel rail producer is looking to invest at least $200 million into the expansion of its footprint in Pueblo, Colorado.
Evraz Rocky Mountain Steel has three mills in Pueblo and is considering building another or replacing one of the existing mills in the Steel City. The Pueblo city council approved a $15 million incentive package for the company.
“It is hard to find anybody in Pueblo who has not had a family member work at the steel mill in the last 135 years. The investment the community looks to make in this project celebrates the incredible workforce at the steel mill who will continue to make Pueblo proud. We look forward to 135 more years,” said Jeff Shaw, President and CEO of Pueblo Economic Development Corp. “Since 1882, the year that the first rail came out of the Colorado Fuel and Iron Plant, Pueblo has been known as the Steel City. The steel industry and the CF&I steel mill, now EVRAZ, has literally been the backbone of the community. Not only does the mill produce steel that is used all over the world, it also provides thousands of direct and ancillary jobs that bolster the local economy and help keep Pueblo moving forward in a strong and thriving direction. ”
Evraz has until December 2019 to make a final decision.
