Steel Mills
November 1, 2017
ATI and Tsingshan Form Stainless Joint Venture
Written by Sandy Williams
Allegheny Technologies, Inc., has agreed to form a 50-50 joint venture with an affiliate of China’s Tsingshan Group to manufacture and sell 60-inch-wide stainless sheet in North America. Tsingshan is the world’s largest stainless steel producer. The joint venture, which still needs regulatory approval, expects to begin shipping products in early 2018.
Tsingshan’s operation in Indonesia will supply slabs that will be first rolled into hot-rolled into coils at ATI then further processed to stainless sheet using the Direct Roll Anneal and Pickle (DRAP) process. The DRAP line was idled early last year and the ATI Midland plant closed in October 2016.
