# Metallus to invest over $100M in steel plant expansion in Canton, Ohio

Metallus (formerly TimkenSteel) plans to invest more than $100 million to expand its steelmaking plants in Canton, Ohio, supported by $3.5 million in grants from JobsOhio. The expansion is tied to supplying the U.S. Department of Defense's munitions programs.

- Type: Expansion
- Announced: 2024-08-07
- Where: Canton, Ohio, United States
- Value: $100.0M
- Starts operating: 2025
- Status: announced
- Products: specialty metals, steel for munitions
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Metallus](https://endata.com/companies/15456.md)
- [JobsOhio](https://endata.com/companies/720.md) (investor)
- [U.S. Department of Defense](https://endata.com/companies/4836.md) (customer)

## Sources

- [finansavisen.no](https://www.finansavisen.no/pressemeldinger/2024/08/07/370a8738-c1c9-4813-aabc-e1d3c2836d0d/metallus-receives-usd3.5-million-in-grants-from-jobsohio-in-support-of-planned-expansion-of-its-steelmaking-plants-in-canton), 2024-08-07: "We are grateful for the support from Team NEO, Stark Economic Development Board, and JobsOhio."
- [cantonrep.com](https://www.cantonrep.com/story/business/2024/08/07/defense-work-leads-to-100-million-plus-investment-at-metallus-plant/74676171007/), 2024-08-07: "This is more than just growing .... (it's) ramping up quality."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.