NEW YORK ThyssenKrupp
Stainless USA LLC has begun buying stainless scrap and
ferroalloys in anticipation of the start-up of its melt shop at
the end of the year, AMM has learned.
"We are preparing to ramp up the
facility," a source close to the company told AMM.
The Calvert, Ala.-company has
purchased about two bargeloads worth of stainless scrap,
according to market sources.
"Theyve bought a couple of
barges," one source said, with another confirming the quantity
but adding that it was too small to buoy an otherwise weak
stainless scrap market.
The melt shop will have the
capacity to produce between 900,000 and 1 million tonnes of
stainless slab per year.
As the facility ramps up to full
capacity, the domestic stainless scrap market is expected to
amm.com, Nov. 5).
The facility will become part of
Espoo, Finland-based stainless producer Outokumpu Oyj following
the closure of its proposed merger with ThyssenKrupp Stainless
parent Inoxum Group, itself a subsidiary of Essen,
Germany-based ThyssenKrupp AG. The merger was recently approved
by the European Commission (
amm.com, Nov. 7).
A spokeswoman for ThyssenKrupp
Stainless did not return a request for comment.
Editor's note: This story originally listed ThyssenKrupp
Stainless' volume in tons rather than tonnes.