TK sets $529M for Ala. melt shop, Dec. '12 start

Dec 10, 2010 | 11:59 AM |

ThyssenKrupp AG will spend €400 million ($529 million) to build a stainless steel melt shop at its Calvert, Ala., operation, with production expected to start by December 2012, Ekkehard Schulz, the company's chairman, said Friday at the inauguration of its new processing plant in the southeastern United States.

The melt shop for ThyssenKrupp's carbon/stainless steel complex, initially expected to be complete in January 2011, was delayed due to the financial crisis.

"The electric arc furnace melt shop is scheduled to start production in December 2012. It will have capacity of 1 million tonnes per year," he told reporters.....

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