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Steel News May 16, 2019 10:30:35 AM

ArcelorMittal Invests $162 Million in Burns Harbor, Indiana Steel Mill Expansion

Paul Ploumis
ScrapMonster Author
The Town of Burns harbor has already granted tax abatement to the investment.
ArcelorMittal Invests $162 Million in Burns Harbor, Indiana Steel Mill Expansion

SEATTLE (Scrap Monster): Luxembourg-headquartered multinational steel manufacturing corporation ArcelorMittal announced its decision to invest $162 million in its Burns Harbor, Indiana steel mill. The investment will be utilized towards carrying out upgrades at various facility areas over the next several years.

According to company press release, the multi-million dollar investment is expected to bring in significant improvements to the hot mill. Additionally, it will be used to install new cranes, an in-line temper mill and a new basic oxygen furnace vessel.

John Mengel, vice president and general manager, Burns Harbor noted that the improvements will help to secure the future of the plant’s cake ovens. The installation of new vessel will lead to further enhancement of steelmaking reliability. The improvement to hot mills will expand the mill’s product portfolio to include higher strength and heavier gauge hot-roll products. The investments at the pickle lines will enhance packaging and shipping capabilities. Also, the addition of temper mill will boost product quality, Mengel added.

The Town of Burns harbor has already granted tax abatement to the investment. ArcelorMittal appreciated Town’s approval of tax abatements, saying that it will help the company to ensure the future of its operations.

Last week, Arcelor Mittal had announced investment of $19.25 million towards rebuilding the No.2 coke battery at the Burns harbor plant. Earlier in March, it had also announced $140 million investment at the hot-strip rolling mill at the facility.