NEW YORK SSAB Americas is planning to add as much as 1.2 million tons of melting capacity at its steel plate mill in Montpelier, Iowa.
"This represents roughly an additional 800,000 tons per year of finished product along with 400,000 tons of melting capacity to be transferred as slab to SSABs Mobile (Ala.) facility for rolling and finishing," the company said June 19.
"The Montpelier expansion is expected to support growth in both as-rolled plate and heat-treated plate products," chief commercial officer Jeff Moskaluk said in a statement.
The expansion, which is being studied by an engineering firm, would increase the finishing capacity of the facility to about 2.1 million tons per year. The study is expected to be completed in July.
"SSAB recognizes the need for appropriate licensing and permitting to be in place prior to moving forward with any equipment modification or construction, and those approvals will be pursued at the appropriate time," the company said.
Lisle, Ill.-based SSAB Americas, the U.S. subsidiary of Swedish steelmaker SSAB AB, has been reporting extended lead times this year (amm.com, May 16).