LONDON Commercial Metals Co. (CMC) will begin replacing an electric-arc furnace (EF) at its Polish rebar and wire rod subsidiary CMC Zawiercie SA (CMCZ) in March, the company said Jan. 7.
CMCZ, one of Polands largest manufacturers of rebar and wire rod, has two furnaces and will operate with one furnace during the rebuilding.
CMC has already begun to compile inventory for the rebuild, which is expected to be completed in April and cost about $20 million.
The furnace rebuild will be the "biggest single project this year" for CMC, according to chairman, president and chief executive officer Joseph Alvarado, and will improve efficiencies and the overall cost performance of the melt shop in Poland.
CMC bought a majority stake in CMCZ in 2003 and increased its holding to 99 percent in 2007.
The Polish manufacturer has the capacity to produce 1.9 million tonnes of steel per year, according to the company.
The Irving, Texas-based steelmaker earlier this week reported lower fiscal first-quarter earnings due in part to a weaker performance by its Americas Fabrication division (amm.com, Jan. 7).
A version of this article was first published in AMM sister publication Steel First.