Steel Mills
ArcerlorMittal Dofasco to Get $87 Million Upgrade
Written by Sandy Williams
February 9, 2014
ArcelorMittal announced it will spend $87 million over the next five years to upgrade the #2 and 3 coke batteries at its Dofasco mill. The repairs will help “improve the efficiency of our production and improve our environmental performance as well,” said company spokesman Tony Valeri, according to a report by The Spec. The company was charged with 13 emission violations in March of 2013 but the on-going case has been fraught with delays. The pre-trial hearing has been set for March 27, 2014. The oldest coke battery at ArcelorMittal Dofasco is scheduled to be shut down in March 2015.
ArcelorMittal also announced in the 2013 earnings report that construction will be restarted on the 660,000 ton per year heavy gauge galvanizing line #6. Completion of the $153 million projects is expected in 2015, at which time the #2 line (400,000ktpy) will be shut down. The new line will boost production by 260,000 tons per year and will have Advanced High Strength Steel (AHSS) capability. The $33 million temper mill is also schedule for completion this year.
In other news, Dofasco employees were informed on Friday (Feb. 8) that bonus payments from the company’s profit-sharing and variable compensation plans will be the highest they have seen since 2004, averaging around $20,000 each.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
CRU: Interest in AHMSA is growing
Representatives of at least six companies interested in acquiring AHMSA have reportedly begun to carry out physical inspections of the insolvent company’s assets.
USW urges Algoma to diversify product line as $500M lifeline meets wider Q3 losses
The United Steelworkers (USW) is pushing for transparency after Algoma Steel announced earlier this week that it has received CA$500 million in financing from the Canadian government.
Oregon Steel Mills lifts plate prices by $60/ton
Oregon Steel Mills has joined other producers in announcing a price increase of at least $60 per short ton on steel plate.
Algoma speeds up EAF transition, shifts focus to supplying mostly plate to Canadian market
Upended by the Trump regime's tornado of tariffs, Algoma Steel is pivoting on its cross-border business model, shifting its focus to supplying the Canadian market.
White House confirms use of ‘golden share’ to intervene at Granite City: Report
The White House confirmed it stepped in to block the halting of steel processing at U.S. Steel’s Granite City Works in Illinois, according to media reports.