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

Government seeks extension in USS-Nippon lawsuit as talks continue
The government said it hopes to reach an agreement with the two companies outside of the courts, according to a filing last week.

Toyota Tsusho America to acquire Radius Recycling for $1.34 billion
The companies said Thursday that Radius shareholders will receive $30 per share in cash upon the deal’s closing, which is expected in the second half of this year.

Algoma resumes steel shipments to US, sees opportunity in tariffs
Algoma Steel has resumed shipments to the US, effective Friday, March 14. And the Canadian steelmaker sees a potential opportunity with the current tariff situation.

Algoma posts narrower Q4 loss, braces for tariff impact as US shipments pause
Algoma Steel's net loss narrowed in the fourth quarter vs. a year earlier amid economic uncertainty and tariff-related issues.

Evraz NA refutes report it falsified tests on plate for US military
Employees at Evraz North America, a subsidiary of Russia's Evraz plc, reportedly falsified quality control test results on armored plate for military vehicles. Evraz NA denies the claims.