CHICAGO, December 4, 2007 – ArcelorMittal (NYSE: MT) is increasing output of quenched and tempered plate across its U.S. plate mills.
Quenching and tempering is a process to dramatically increase the strength and hardness of steel plate, making it the ideal material for protective skins on military vehicles, as well as many non-military applications. Military and commercial demand for this product remains strong globally.
“Armor is priority-rated by the U.S. government and therefore has reduced our ability to supply Q&T product to the commercial market,” said Shelby Pixley, chief executive officer of ArcelorMittal Plate USA. “In response to this, we are investing in our facilities to meet the high military and commercial demand for this product.
The investments in quenched and tempered capacity are being made at all of the company’s U.S. plate facilities – Coatesville and Conshohocken, Pa., and Burns Harbor and Gary, Ind. The investments are directed at updating equipment and material handling which will allow the company to increase output of high quality quench and tempered product by 50,000 tons. ArcelorMittal will complete these improvements in phases during 2008 without disruptions to existing operations.
ArcelorMittal US is committed to remaining the premier producer of the broadest line of quality plate products in the Western Hemisphere including quenched and tempered plate.
ArcelorMittal USA, formerly known as Mittal Steel USA, with its affiliates, is the largest steel producer in the North America and the largest integrated steel producer in the United States. It serves a broad U.S. manufacturing base. ArcelorMittal USA is a subsidiary of ArcelorMittal.
ArcelorMittal is the world's number one steel company, with 320,000 employees in more than 60 countries. The company brings together the world's number one and number two steel companies, Arcelor and Mittal Steel.
ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
ArcelorMittal key pro forma financials for 2006 show combined revenues of USD 88.6 billions, with a crude steel production of 118 million tonnes, representing around 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
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