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Aug. 8, 2012
CSI Building New Pipe Mill in California
California Steel Industries Inc. will build a new pipe mill at the company’s site near Fontana, Calif. The cost of the facility is expected to exceed $100 million.
The mill will produce high-strength electrical resistance welded pipe up to 24 inches in diameter and up to 80 feet in length. The company’s existing pipe mill can only produce up to 16-inch pipe and 60-foot lengths.
Using induction welding technology, the new mill will be capable of increased wall thicknesses and improved yields, officials say. Annual production capacity is expected to be approximately 400,000 net tons upon completion, bringing CSI’s total tubular product capacity to more than 600,000 tons. The company also produces hot-rolled, cold-rolled and galvanized sheet products, with a total rolling capacity approaching 3 million tons.
“This will be the largest single capital investment in CSI history, and we have invested about a billion dollars since the company was formed in 1983,” says Vicente Wright, president and CEO of CSI. “This is a testimony to the company’s continued resilience in the tough economic times we are in, and is a tribute to CSI’s shareholders and our employees, customers and suppliers.”
Installation of the new mill equipment is expected to begin this quarter and be concluded by the end of 2014. At capacity, the new pipe mill’s additional tonnage is expected to generate approximately 100 new production and logistics jobs at CSI, which currently employs nearly 1,000 people.
In other news, the shareholders of CSI have elected to rotate the CEO and chairman of the board positions at the company. Toshiyuki Tamai will become president and CEO of CSI, while Wright becomes the chairman of the board, replacing Kaoru Okamoto. CSI’s two equal shareholders, Vale S.A. and JFE Steel Corp. of Japan, have a tradition of alternating the appointment of the two positions.
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2012 Directory of Master Distributors
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The Metal Center News Directory of Master Distributors—distributors who sell to other distributors—is an invaluable tool for service centers seeking new sources for special or hard-to-find products. Master distributors play an important role in the marketplace, giving service centers an alternative to buying in mill quantities and helping to remove redundant and excess inventories from the distribution channel.
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