Steel Mills
November 12, 2020
Furnace Upgrade Positions Stelco for Better Results in Q4
Written by Sandy Williams
Canadian steel producer Stelco has completed the blast furnace reline and modernization at Lake Erie Works and is “ready to roll.” Chairman and CEO Alan Kestenbaum said the project was on time and under budget and will be North America’s first truly “smart” blast furnace. The modernization boosts the mill’s production capacity by 300,000 net tons per year and lowers costs by CAD $30 per ton.
The timing of the project couldn’t be more perfect, said Kestenbaum, occurring during a low pricing cycle and allowing Stelco to resume production in a significantly higher pricing environment.
