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Ivaco melt shop set for completion in March

Keywords: Tags  Ivaco Rolling Mills, Federal Economic Development Agency for Southern Ontario, melt shop, upgrade, billets, steel wire rod, Samuel Frizell


NEW YORK — Wire rod producer Ivaco Rolling Mills LP is on schedule to complete its new melt shop by March of next year.

The Canadian $80-million ($79.4-million) melt shop will increase the volume and variety of steel billets the company makes and will apply technology currently not being used in North America, the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) told AMM.

"Once they have a new melt shop, they’ll make everything themselves," a wire rod mill source familiar with the upgrade said. "They’re going to wean themselves off their billet supplier."

Ivaco has an annual wire rod capacity of 850,000 tons, which is much larger than its steel billet capacity of 450,000 tons, according to its website. A source familiar with the operation said the site—like most others in the steel industry—has been running somewhat below its nameplate capacity rate.

FedDev Ontario awarded the L’Orignal, Ontario-based mill a $10-million repayable contribution to upgrade its facility (amm.com, March 12). The new melt shop will create 50 new permanent jobs at the plant and 200 short-term construction jobs, the agency said.

Ivaco declined to comment on the expansion.


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