LONDON A former Commercial Metals Co. (CMC) pipemaking plant in Croatia is being repurposed as a specialty steel producer, with a restart date slated for later this year, a source at Italian steelmaking equipment provider Danieli Group told AMM sister publication Steel First.
The plant, ABS Sisak d.o.o., will cast special-quality billets for export, the Danieli source said, with production volumes expected to reach 400,000 tonnes per year. The source didnt indicate where Sisak will export the semifinished products.
Buttrio, Italy-based Danieli and its Acciaierie Bertoli Safau SpA (ABS) subsidiary paid almost $31 million to acquire the Sisak plant from Irving, Texas-based CMC in 2012 (amm.com, June 4).
Losses at the Croatian plant prompted CMC to idle production in late 2011 and then seek a buyer (amm.com, Oct. 7, 2011).
A version of this article was first published by AMM sister publication Steel First.