Hybar Secures $1.1 Billion to Double Steel Rebar Capacity

The new facility will be built adjacent to the company’s existing plant, which began operations only nine months ago. By leveraging the same SMS group technology utilized in its first mill, Hybar aims to sustain its rapid growth trajectory. The company reported that its initial site reached positive cash flow within four months of commissioning, providing the financial foundation for this aggressive scale-up. The expanded output will supply critical infrastructure projects, including data centers, energy grids, and transportation networks across the United States.

Energy strategy remains a central pillar of the company's operational model. Through a power contract with Entergy Arkansas and a behind-the-meter solar and battery storage facility operated by its sister company, Green & Clean Power LLC, Hybar expects to become the only North American steel producer capable of manufacturing with 100% renewable energy this summer. CEO Dave Stickler attributes the company's efficiency to a flat management structure that empowers mill-floor employees, aiming for a production rate of 5,000 tons of rebar per employee annually.

Financial backing for the project was provided through a combination of Rule 144A notes and municipal bonds, with Goldman Sachs and TPG Capital BD serving as joint lead bookrunners. The expansion is supported by a consortium of investors including TPG Rise Climate and Koch Minerals & Trading, reflecting a broader bet on the viability of scrap-metal-based, sustainable steel production in the American South.