Steel Mills
December 3, 2013
Written by John Packard
ArcelorMittal conducted a conference call with steel analysts regarding the purchase of ThyssenKrupp Steel USA steel mill. The company outlined the reasons for the purchase and addressed a number of issues of importance to the steel community.
In his opening remarks, ArcelorMittal CEO, Lakshmi Mittal spelled out their reasons for making the purchase:
ArcelorMittal plans to build a new electrical steel manufacturing facility near its AM/NS Calvert joint-venture mill in Alabama. The steelmaker plans to produce 150,000 metric tons (165,350 short tons) of non-grain-oriented electrical steel (NOES) annually there through its wholly owned subsidiary, ArcelorMittal Calvert LLC. ArcelorMittal revealed its plans for the new mill on Monday, following the Department […]
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