Steel Mills
SSAB to Invest $100 Million in Alabama Mill
Written by Tim Triplett
November 1, 2018
Steelmaker SSAB plans to invest up to $100 million in its operations near Mobile, Ala. Improvements to the mill, to take place from 2019 to 2021, will increase the potential capacity for high-strength steel production by 130,000 metric tons per year, the company said.
The investment aims to increase production capacity for high-strength, value-added steels, including quenched and tempered (Q&T) steels, while increasing operational efficiency and reducing raw material costs. Plans include installation of a new accelerated cooling system that will reduce the need for alloys in the production process. Other areas targeted for improvement include the rolling mill, formatting, blasting and painting, as well as overall shipping capacity.
“This announcement demonstrates SSAB’s commitment to our Alabama operations and to our valued customer base in North America, as well as those customers we serve globally,” said Chuck Schmitt, President of SSAB Americas. “With this planned investment, we not only increase our production, but improve our quality and efficiency performance, as well.”
SSAB has a history of investment in Alabama, beginning with the initial investment to build the mill, followed over the years by upgrades and expansions all totaling more than $820 million. Last year, SSAB Americas announced it would relocate the division’s head office from suburban Chicago to Mobile.
Tim Triplett
Read more from Tim TriplettLatest in Steel Mills
Nippon plans to double steel output at USS operations: Report
Now that it has acquired U.S. Steel, Nippon Steel is planning a significant expansion of its US operations, including the construction of a new mill and more than doubling its steel output.
Algoma fires up EAF steelmaking with first arc
Algoma Steel reached a milestone in its transformation from blast furnace to electric arc furnace (EAF) steelmaking, with its Unit One EAF achieving its first steel production this week.
Nucor holds HR list price at $910/ton
Nucor is keeping its list price for spot hot-rolled coil unchanged after last week’s shortened holiday week.
Cliffs unveils new hydrogen-powered stainless line in Ohio
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.