Steel Mills
Possible Expansion at SSAB Montpelier
Written by Sandy Williams
June 18, 2014
SSAB is looking at a potential expansion to its facility in Montpelier, Iowa that would increase steel production capacity by 1.2 million tons.
The expansion would add about 800,000 tons of finished product annually along with 400,000 tons of smelting capacity to be transferred as slab to SSAB’s mobile facility for rolling and finishing. The end result could increase Montpelier’s total capacity to 2.1 million finished tons per year.
“SSAB Americas is constantly reviewing opportunities to continue to grow in the plate market throughout the Americas and to support the growing needs of our customers,” said Jeff Moskaluk, chief commercial officer, SSAB Americas.
An engineering firm is currently studying equipment and infrastructure needs as well as permitting and licensing requirements. The preliminary study is expected to be completed in July 2014 and be ready for presentation to the Board of Directors in the fall. SSAB hopes to move ahead following approval with an accelerated timeline.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
USS confirms split CFIUS decision on Nippon deal; it’s now up to Biden
Nippon Steel's purchase of U.S. Steel could lead to lower steel output domestically, and that presents “a national security risk," the Washington Post reported.
USS/Nippon deal: Who will have the happiest holidays?
Will Santa bring gifts for the leadership, employees, and shareholders of U.S. Steel and Nippon Steel, and lumps of coal for USW leadership and politicians opposed to the deal?
‘Orderly liquidation’ of AHMSA assets begins
A trustee has formally taken over AHMSA and begun the liquidation process of the bankrupt Mexican steelmaker.
Nippon buying stake in Canadian iron ore project
Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.
USS anticipates Q4 loss on weak demand, BR2 start-up
Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 mill, USS is anticipating a loss for the fourth quarter.