Steel Mills
Upgrades at Indiana and Burns Harbor Coming in 2018
Written by Sandy Williams
November 4, 2017
ArcelorMittal Indiana Harbor will get a $100 million upgrade over the next year. The investment is part of $276 million in capital spending the steelmaker plans for it U.S. operations next year.
Work is set to begin on Indiana Harbor’s continuous anneal line, No. 2 coating line and cold mill complex, said Indiana Harbor General Manager Wendell Carter at a meeting of the Northwest Indiana Business Roundtable and Construction Advancement Foundation. The project is expected to improve quality and productivity at the operations.
The mill will also perform restoration work on the No.4 blast furnace “where we’ll change the top and do a bit of rehabilitation on it,” said Carter.
Funding is also earmarked for new projects at the Burns Harbor steel mill in Porter County, he added.
Carter said the U.S. steel industry is stronger since consolidating from 16 companies in 2000 to about six today.
“We have more cost-competitive assets that we can run at higher levels of productivity with no loss of volume or market share,” he said.
ArcelorMittal Indiana Harbor plans to hire 75 more steelworkers this year. Another 300 workers are expected to be hired across facilities in Northwest Indiana by ArcelorMittal in 2018.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
CRU: Tata Steel looks to shed 1,600 jobs in the Netherlands
The company said, “The challenging demand conditions in Europe driven by geopolitical developments, trade and supply chain disruptions and escalating energy costs have affected the operating costs and financial performance."
Reports: Federal funding for Cliffs’ project could be slashed
Elon Musk's DOGE is determining which Department of Energy grants to advance and which ones to terminate, according to several media outlets
Trump still against selling USS to Japanese firm: Report
Despite ordering a new review of Nippon Steel’s bid for U.S. Steel, President Trump said he is still against selling USS to a Japanese company, according to media reports.
Algoma looks to sell more steel in Canada in wake of Trump’s tariffs
The Canadian steelmaker said its absorbing higher tariffs as it moves forward.
Ancora abandons plan to take over leadership of USS
Investment firm Ancora Holdings Group has halted its play for U.S. Steel's board, citing Nippon Steel’s proposed bid for USS “gaining momentum.”