Generate Capital is investing $200 million in Pacific Steel Group to support the construction of a groundbreaking electric arc furnace micro-mill aimed at significantly reducing emissions in steel production.

Information on the Target

Pacific Steel Group (PSG) is a premier independent reinforcing steel fabricator and placer operating across the Western United States. With a significant focus on high-quality rebar and steel services, PSG caters to a diverse range of construction projects. The company is recognized for its commitment to quality and innovation in the steel industry, seeking to enhance the sustainability of steel production.

In line with its mission, PSG is advancing its capabilities by constructing an electric arc furnace (EAF) micro-mill designed to produce custom-length steel rebar. This facility will utilize locally sourced steel scrap, thereby revolutionizing the production process and significantly lowering emissions associated with traditional steel manufacturing.

Industry Overview

The global steel market, valued at approximately $1.5 trillion in 2023, is the most widely utilized metal, playing a critical role in various construction and manufacturing sectors. However,