June 25, 2014
SSAB Explores Iowa Expansion
SSAB is looking to expand its steel mill in Montpelier, Iowa. The potential expansion would increase melting and casting capabilities by up to 1.2 million tons above current melting capacity, representing an additional 800,000 tons per year of finished product along with 400,000 tons of melting capacity to be transferred as slab to SSAB’s Mobile facility for rolling and finishing.
SSAB has hired an engineering firm to conduct a study to identify the requirements related to expansion. The preliminary findings are expected by July. The project would result in the Montpelier facility increasing its capacity to as much as 2.1 million finished tons per year.
"SSAB Americas is constantly reviewing opportunities to continue to grow in the plate market throughout the Americas and to support the growing needs of our customers," says Jeff Moskaluk, chief commercial officer, SSAB Americas. "The Montpelier expansion is expected to support growth in both rolled plate and heat-treated plate products."