A global steel product company recently reported plans to expand its successful Delta, Ohio, steel plant.
BlueScope Steel, a leading manufacturer of coated and painted steel products in the US, reported their board’s approval to expand their North Star plant in Delta, Ohio, pending anticipated receipt of necessary air permits and local and state incentives.
BlueScope said they hope this expansion will increase domestic steelmaking capacity in the US by approximately 850,000 additional metric tonnes per annum.
“This project fits our strategy perfectly,” said Mark Vassella, managing director and CEO at BlueScope. “It offers long-term sustainable earnings growth from a high-quality asset. It is a significant tribute to the 400 employees at Delta who work hard to make it such a strong performing asset.”
Mr. Vassella also said this project has even more growth opportunities because its debottlenecking potential could increase steelmaking capacity by a further 500,000 metric tonnes per annum.
BlueScope estimates the cost of the project to be $700 million. They aim to commission the expansion in mid FY2022, with full “ramp up” approximately 18 months later.
