US Forged Rings to Build $875 Million Specialty Steel Plant in Hertford County, North Carolina

US Forged Rings, Inc. (USFR), a manufacturer of specialty steel products, will establish a major production facility in Hertford County, North Carolina, Governor Josh Stein announced on February 26. The company says the project will involve three phases with a planned total investment of $875 million, and its first two phases are estimated to create 625 new full-time jobs.

Next to Nucor

USFR has a strategic supply chain partnership with Nucor, and the new site will be adjacent to Nucor Steel’s Hertford County steel processing facility.

What USFR makes

Incorporated in March 2022, USFR is an integrated, one-stop-shop manufacturer of specialty steel products and large-diameter steel fabrications. It is a member of the Sozzi family’s group of companies, an industrial group with more than 40 years of experience in steel forging. Products include critical service fabrications, specialty tubulars and forgings used in power generation, such as reactors, heat exchangers and high-temperature steam handling, plus rings, shafts and cylinders for a variety of industries.

Reducing import dependence

Giacomo Sozzi, CEO and President, US Forged Rings said:

“This investment into the first two phases of our Hertford County, North Carolina facility will bring good paying jobs back to America, substitute imports, lower dependency on foreign suppliers, increase the resilience of the US economy, and help lower uncertainty in the costs and timing of building power plants and other critical infrastructure that the country very much needs.”

North Carolina Governor Josh Stein said:

“US Forged Rings’ investment in Hertford County is a ringing endorsement of our state’s top-notch workforce. We are committed to delivering the talent companies need and bringing good-paying jobs to every corner of our state, including northeastern North Carolina with this project.”