Steel Mills
November 1, 2018
SSAB to Invest $100 Million in Alabama Mill
Written by Tim Triplett
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.
