USA: steel projects

ThyssenKrupp Steel AG and ThyssenKrupp Stainless AG plan to jointly build a new plant in the USA. At its meeting, the Supervisory Board of ThyssenKrupp AG approved a project development budget of USD 50 million, to be used to commission consultancy and engineering services, prepare the choice of site and purchase the real estate. The project involves construction of a hot strip mill which will be used primarily to process slabs from the new CSA steel mill in Brazil. The new plant will also feature cold rolling and hot dip coating capacities for high quality end products of flat carbon steel. ThyssenKrupp Steel’s investment in the plant, which will have an annual capacity of 4.5 million tons of end products, is estimated at EUR 1.8 billion. In addition, ThyssenKrupp Stainless plans to build a melt shop with an annual capacity of up to 1 million tons of slabs, which will be processed on the hot strip mill. A cold rolling facility is also to be erected which, in the first phase, will be designed to produce 325,000tns of cold strip and 100,000tns of pickled hot strip. Furthermore, ThyssenKrupp Mexinox will be supplied with hot strip from the USA as starting material. The volume of investment by Stainless is expected to be EUR 500 million.
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