NEW YORK SGL Group will invest $26 million in a new state of the art graphitization process at its graphite electrode production facility in Ozark, Ark., the company said April 17.
The investment will reduce energy consumption by approximately 20 percent and have a considerable impact on the competitive position of SGL Group, the Wiesbaden, Germany-based company said.
Graphite electrodes are used in electric-arc furnace (EF) steelmaking.
Ozark is the only plant within SGL Group that makes electrodes in sizes from 14 inches to 32 inches, with feedstock coming from the companys Hickman, Ky., plant, according to the statement.
Graphite electrode consumption could rise in Arkansas as industry veteran John D. Correntis Big River Steel LLC has proposed a new $1.1-billion steel mill in Osceola (amm.com, Jan. 29
Meanwhile, Nucor-Yamato Steel Co., a joint venture between Charlotte, N.C.-based Nucor Corp. and Japans Yamato Kogyo Co. Ltd., is mulling a $115-million expansion to produce wide sheet piling at its Blytheville mill (amm.com, April 15