Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding Fastmarkets AMM subscriptions. Please ensure you have their consent before giving us their details.

ArcelorMittal to invest €16.5 million

Apr 09, 2018 | 10:30 AM | AMM's London staff, Fastmarkets AMM staff

ArcelorMittal is planning to invest a further €10 million ($12.31 million) by the end of this year in the expansion of its service center in Neuwied, Germany, which processes around 400,000 tonnes per year of steel. It had already invested €6.5 million this year before the end of February.

“We are investing in a significant capacity expansion and in various automation projects to increase productivity and [improve] occupational safety at the site,” the unit’s managing director, Friedrich Raffauf, said.

At the end of 2018, a new slitting plant is scheduled to start operation. This will allow the unit to split coils as heavy as 30 tonnes in total weight and with material as thick as 4 mm, and to increase production by another 100,000 tpy.


Latest Pricing Trends Year Over Year