September 26, 2017 05:39 PM
U.S. Steel and partner Kobe Steel are making a big investment in high-strength steel.
On Monday evening, they announced they are going to build a new continuous galvanizing line at PRO-TEC Coating Company in Leipsic, Ohio.
This is in response to the increased demand for high-strength steels.
The new line, according to the company, will cost about $400 million and have a capacity of 500,000 tons a year.
U.S. Steel said it will utilize a proprietary process, and be capable of coating steel that will help automakers manufacture economically lightweight vehicles, while maintaining exceptionally high safety standards.
CEO and President David Burritt said in a statement, "This line will be the first of its kind and utilizes proprietary technology capable of producing the high-quality, cutting-edge advanced high-strength steels that will meet our automotive customers' needs."
The high strength steel will use steel made by U.S. Steel, which is produced with Iron Range taconite pellets. U.S. Steel owns and operates Minntac and Keetac, and is a partial owner of Hibbing Taconite.
Updated: September 26, 2017 05:39 PM
Created: September 26, 2017 12:11 PM
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