ArcelorMittal to upgrade Canadian EAF mill
ArcelorMittal to upgrade Canadian EAF mill
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Luxembourg-based ArcelorMittal has announced that its Long Products Canada business unit will make investments totaling nearly CAD$70 million ($56.8 million) by 2020 into its Contrecoeur, Québec, steel production facilities.
The company indicates it will replace two reheating furnaces at its Contrecoeur-East wire rod mill (approx. CAD$30 million, or $24 million) and its Contrecoeur-West bar mill (approx. CAD$33 million, or $27 million). The new furnaces have been designed to increase the company’s rolling capacity by 100,000 metric tons, enabling greater productivity, optimal energy use and reduced greenhouse gas emissions, according to the firm. The work is scheduled for completion in the first half of 2020.
ArcelorMittal states it also will replace the dust collector at the Contrecoeur-West electric arc furnace (EAF) steelworks by the end of 2018 “to improve its performance and increase health and safety for the benefit of our workers and our communities.” That project will cost an estimated CAD$6 million ($4.9 million).
“We are renewing ArcelorMittal’s commitment to Québec,” states François Perras, CEO of ArcelorMittal Long Products Canada. “Our choice to invest in the acquisition of high-performance equipment will help us accelerate our move toward high-value-added steel production, particularly for the automotive and construction industries.”
According to an ArcelorMittal news release, the investments were made possible in part by a Québec government electricity rebate program. The electricity rebate is intended for companies engaging in major investment projects in the manufacturing sector as well as in the transformation of natural resources.
“The innovative manufacturing sector is one of the three economic pillars that our government is prioritizing, along with entrepreneurship and exports,” comments Dominique Anglade, deputy premier and minister of economy, science and innovation and the minister responsible for digital strategy in Québec. “We are, therefore, proud to support the initiatives of large businesses established in Québec which, through major investments, are carrying out innovative projects and adopting new technologies in their manufacturing approaches and procedures. Innovation and modernization are synonymous with growth for businesses and are key levers for Québec’s prosperity.”
ArcelorMittal Long Products Canada employs about 1,500 people in Contrecoeur, Longueuil and Montreal, Québec, and about 200 people in Hamilton, Ontario. It operates a scrap metal processing plant, an iron-ore reduction plant, two steel mills, three rolling mills and two wire-drawing mills. The group has an annual production capacity of more than 2 million tons of steel.
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Source: Recycling Today
ArcelorMittal to upgrade Canadian EAF mill
<![CDATA[Luxembourg-based ArcelorMittal has announced that its Long Products Canada business unit will make investments totaling nearly CAD$70 million ($56.8 million) by 2020 into its Contrecoeur, Québec, steel production facilities. The company indicates it will replace two reheating furnaces at its Contrecoeur-East wire rod mill (approx. CAD$30 million, or $24 million) and its Contrecoeur-West bar mill (approx. CAD$33 million, or $27 million). The new furnaces have been designed to increase the company’s rolling capacity by 100,000 metric tons, enabling greater productivity, optimal energy use and reduced greenhouse gas emissions, according to the firm. The work is scheduled for completion in the first half of 2020. ArcelorMittal states it also will replace the dust collector at the Contrecoeur-West electric arc furnace (EAF) steelworks by the end of 2018 “to improve its performance and increase health and safety for the benefit of our workers and our communities.” That project will cost an estimated CAD$6 million ($4.9 million). “We are renewing ArcelorMittal’s commitment to Québec,” states François Perras, CEO of ArcelorMittal Long Products Canada. “Our choice to invest in the acquisition of high-performance equipment will help us accelerate our move toward high-value-added steel production, particularly for the automotive and construction industries.” According to an ArcelorMittal…