Arcelor Mittal Investing in Steelton Plant
29 Januar 2007 - 5:55PM
PR Newswire (US)
CHICAGO, Jan. 29 /PRNewswire-FirstCall/ -- Arcelor Mittal Long
Carbon North America announces that the company has recently
approved a capital investment project at the Steelton, Pa., plant.
The investment will improve the quality of continuous-cast blooms
and enhance the properties of its rail products to meet the
ever-increasing quality requirements of customers. Included in the
investment is the installation of electro-magnetic stirring at the
bloom caster to improve the internal properties of the steel during
solidification and benefit all cast and rolled products produced in
Steelton. The project also will enhance the in-line head-hardening
unit that was installed in 1994 for the manufacture of premium
rail. "Steelton produces premium rails that provide the quality and
wear resistance necessary for demanding environments and critical
track components," said the plant's general manager, David P.
Wirick. "The announced improvements will further enhance our
ability to meet customers' needs of today and tomorrow for
head-hardened rails with higher hardness at increased depths." The
investment has been designed to meet or exceed the needs of
customers for the foreseeable future. The planned upgrades will be
completed in 2007, enabling Steelton to provide the product
enhancements for its customers' 2008 rail programs. Arcelor
Mittal's investment underscores its ongoing commitment to providing
the highest-quality steel products to meet the requirements of
today's steel consumers. About Steelton The Steelton plant, a
former Bethlehem Steel operation along the Susquehanna River in
eastern Pennsylvania, can produce 1 million tons of steel annually.
Products include high-quality rails, specialty ingots, blooms, and
bars for the railroad, forging, and machinery markets. It employs
about 600. About Arcelor Mittal Arcelor Mittal is the world's
number one steel company, with 330,000 employees in more than 60
countries. The company brings together the world's number one and
number two steel companies, Arcelor and Mittal Steel. Arcelor
Mittal is the leader in all major global markets, including
automotive, construction, household appliances and packaging, with
leading R&D and technology, as well as sizeable captive
supplies of raw materials and outstanding distribution networks. An
industrial presence in 27 European, Asian, African and American
countries exposes the company to all the key steel markets, from
emerging to mature, positions it will be looking to develop in the
high-growth Chinese and Indian markets. Arcelor Mittal key pro
forma financials for the first nine months of 2006 show combined
revenues of USD 65.4 billions, with approximate production capacity
of 130 million tonnes a year, representing around 10 per cent of
world steel output. Arcelor Mittal is currently listed under the
legal entity Mittal Steel NV on the stock exchanges of New York
(MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT)
and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid
(MTS) and Valencia. DATASOURCE: Arcelor Mittal CONTACT: Bill
Steers, +1-312-899-3817, or David C. Allen, +1-312-899-3692, both
of Arcelor Mittal Americas Communications
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