Market Segment
ATI, NLMK USA Extend Hot Rolling Conversion Agreement
Written by Sandy Williams
November 13, 2019
Allegheny Technologies Inc. and NLMK USA have signed a one-year agreement to extend and expand carbon steel hot rolling conversion services for NLMK at ATI’s Hot-Rolling and Processing Facility (HRPF) in Brackenridge, Pa., through December 2020.
ATI expects 2020 volumes to increase significantly compared to 2019 levels and provide guaranteed volumes and fixed fee-per-ton revenues, while improving HRPF capacity utilization.
“We are pleased to expand our relationship with NLMK USA. They truly appreciate, and have validated, the value proposition provided by our HRPF and the substantial benefits that it brings to their end customers,” said Kim Fields, ATI’s Executive Vice President, Flat Rolled Products. “We look forward to continued growth in this relationship over time.”
ATI’s HRPF is one of the world’s most powerful hot-rolling mills, enabling production of materials that maintain high-strengths at high temperatures. The HRPF makes possible unprecedented control and tailoring of sheet and plate microstructures and other physical attributes to meet specific performance requirements, at shorter cycle times, in wider sizes, with incredible efficiency, the company claims.
Sandy Williams
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