ArcelorMittal To Invest $50 Million & Restart Monessen Coke Plant
ArcelorMittal announced its plan to invest $50 million in the company’s coke operations in Monessen, Pa with hopes of upgrading and then restarting coke production at the facility. The facility has been idled since May 2009, but the Company expects to be finished with the upgrade and restarting coke operations by May 2014. This large investment will create 113 new jobs, with the site employing about 180 total permanent positions upon completion. The coke produced will be used to offset spot coke purchases for its North American operations.
“The decision to move forward with this restart represents a significant investment in the long-term viability of ArcelorMittal Monessen’s coke operations,” said Paul Champagne, Plant Manager, ArcelorMittal Monessen.”
One of three U.S. coke plants owned by ArcelorMittal, the Monessen coke plant is capable of producing approximately 370,000 tons of metallurgical coke per year.
ArcelorMittal is now waiting for approvals needed to break ground.