SINGAPORE China Steel
Corp. will spend Taiwan $2.27 billion ($78.1 million) on a
five-year revamp of its No. 2 hot-strip mill, which has been in
operation for 16 years.
The upgrade is intended to
reduce the risk of equipment breakdown as well as increase
processing capacity for new steel grades, the Kaohsiung,
Taiwan-based steelmaker said.
The revamp, which will start in
January, is expected to be completed by December 2017.
Benefits of revamping the line include minimizing delays,
improving equipment properties and functions, and reducing
carbon dioxide emissions by nearly 2,990 tonnes per year
through power saving and low-temperature rolling, the company
A version of this article was first
published by AMM sister publication Steel