How are you going to compete with Japan and China?
Anyway go the great american rust belt most likely a foundry for sale but it will be closed all except for U.S. Steel but they import steel from Japan.
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If you never do anything you never have problems.
Well, to produce billets you will need a continuos caster, That should be about $125 million for decent technology.
Of course you'll already have the Electric furnace shop to melt the scrap, and a bulk materials handling system for the ferro manganese and other chemistry additions you'll need to make commercial grades.
The spectrometers for the chem lab should be under $100,000; The leco carbon analyzers might go for under $50,000. without that you won't have any way to verify steel grade.
The defense attorneys for defending you from the EPA after you have created a superfund site: PRICELESS!
milo
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People say between two opposed opinions the truth lies in the middle. Not at all! Between them lies the problem, what is unseeable,eternally active life, contemplated in repose. Goethe