MITTAL HEADLINESSteel Producers /
Mittal
ArcelorMittal to Increase Q&T Plate Output at Four U.S. Mills
Dec. 5, 2007 ArcelorMittal has announced plans to increase its output of quenched and tempered plate across its U.S. plate mills in order to meet high military and commercial demand.
Quenching and tempering is a thermal process designed to significantly increase the strength and hardness of hot rolled steel plate.
Quenched and tempered plate is an ideal material for the protective skins on military vehicles, as well as many non-military applications.
Military and commercial demand for this product remains strong globally.
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The company said its investments will focus on updating equipment and material handling facilities at all of its U.S. plate facilities—Coatesville and Conshohocken, Pa., and Burns Harbor and Gary, Ind. The upgrades will be completed in phases during 2008 without disruptions to existing operations.
With the investments, ArcelorMittal US is targeting a 50,000-ton increase in its output of high-quality quench and tempered product. The company says it is committed to remaining the premier producer of the broadest line of quality plate products in the Western Hemisphere, including quenched and tempered plate.
"Armor is priority-rated by the U.S. government and therefore has reduced our ability to supply Q&T product to the commercial market," said Shelby Pixley, CEO of ArcelorMittal Plate USA. "In response to this, we are investing in our facilities to meet the high military and commercial demand for this product.
ArcelorMittal USA, formerly known as Mittal Steel USA, with its affiliates, is the largest steel producer in the North America and the largest integrated steel producer in the United States. A subsidiary of ArcelorMittal, ArcelorMittal USA serves a broad U.S. manufacturing base.
ArcelorMittal is the world's largest steel company, with 320,000 employees in more than 60 countries. The company leads a number of 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.
ArcelorMittal’s key pro forma financials for 2006 show combined revenues of USD 88.6 billion, with a crude steel production of 118 million tonnes, representing around 10% of world steel output.