A major Quebec steel producer recently announced that investments of nearly CAD$70 million (US$54.2 million) will include replacing heat treatment equipment at two locations.
ArcelorMittal Long Products Canada will replace two reheating furnaces at its Contrecoeur-East wire rod mill and its Contrecoeur-West bar mill. These new furnaces, which aim to increase the company’s rolling capacity by 100,000 tons, will enable greater productivity, optimal energy use, and reduced greenhouse gas emissions. The work should extend until the first half of 2020.
“We are renewing ArcelorMittal’s commitment to Quebec,” said François Perras, chief executive officer, ArcelorMittal Long Products Canada. “Our choice to invest in the acquisition of high-performance equipment will help us accelerate our move towards high-value-added steel production, particularly for the automotive and construction industries.”
