ArcelorMittal Acindar is to invest USD 100M in a new rolling mill in Santa Fe province, Argentina. The rolling mill will have a capacity of 400,000t a year and will manufacture steel bars for civil construction.
The new mill will enhance competitiveness and the company’s ability to supply the domestic market, where there is growing demand for steel products for the construction industry, as well as the export markets. The new rolling mill will also enable ArcelorMittal Acindar to optimise production at its special bar quality (SBQ) rolling mill in Villa Constitución, which in future will only manufacture products for the automotive and mining industries.
The project is expected to take 18 to 24 months to build, with operations expected to start in two years’ time.