One big ticket item could be a brand new strip mill
ThyssenKrupp Steel Europe AG, a subsidiary of ThyssenKrupp (TKAG.DE), is planning to invest EUR300m in its hot strip mills
in Bochum and Duisburg.
"But because we have the where-with-all to produce very competitive iron and steel it is still cheaper for us to send 37,500 tonnes per week to the strip mills at South Wales than importing it," says Ian Crichton, chairman of the ISTC joint branch committee on Teesside.
In 2001 Corus closed its Llanwern steelmaking plant in South Wales, but retained the strip mill.
(Cranberry Twp., Pa.), whose Wean United subsidiary produces equipment for steel rolling and strip mills
Where are the strip mills
? In Wales - with the exception of Teesside.
Known as microstructure engineering in hot strip mills
, this computer-modeling project is being developed by the National Institute of Standards & Technology, Gaithersburg, Md., and the Univ.
Now the strip mills
and galvanising lines face an uncertain future, as the plant is mothballed PICTURE: Rob Norman
(TSE: 5486) announced today that it has reached an agreement with Shanghai Baosteel Group of China to establish the joint venture company "Bao Steel Hitachi Rolls (Nantong) Ltd." for the manufacture and sale of cast rolls for hot strip mills
. The companies will thereby meet growing demand for high-quality, high-performance rolls in the Asian market, led by the rapidly growing Chinese market.
A week earlier at the giant works, around 60 firefighters extinguished a blaze in the works' acid neutralisation plant between the cold and strip mills
Its intention is to build a strip mill
at that location in order to produce a variety of steel sheet; the plate mill and the pipe will were not included in the proposed sale.