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Mini mill steel producers create products ranging from concrete reinforcement bars to light rails. Entrepreneurs looking to get into the field of steel production can invest less in startup costs by founding a mini mill instead of a full-blown steel operation. Small businesses that regularly work with steel can also save money by working with a specialized mini mill to meet their needs.
A mini mill startup requires at least three furnaces. The electric arc furnace handles the largest pieces and initial formation work. Ladle or vacuum furnaces allow specific chemical compositions, and reheat furnaces allow longer and more complex projects. These costs can quickly add up for a small business, though financing may come from many different sources. A continuous caster and rolling mill are the only other specialized tools required at startup.
Small businesses that work with steel can save costs by working with mini mills that produce the materials required. Mini mills specializing in concrete reinforcement bars, or rebar, can often offer rates equal to or better than larger plants without the need for bulk ordering.
The technology used in mini mills constantly changes, and Business.com remains a great source for the latest information on mini mill steel producers and other business opportunities.
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