) has made several investments for years and has switched to a new
symmetrical format for continuous casting line two, offering
customers in the automotive supply sector high-quality steel ingots
for producing forgings. The format includes gearbox parts, which
create less vibration in the engine and consequently reduce noise
ArcelorMittal has spent about $267 million in the past four years
in its site in Duisburg, Germany, of which $180 million was
invested on a state-of-the-art wire rod mill. The new wire rod mill
utilizes the latest technologies and processes high-strength and
ultra-high-strength steels which enables thermo-mechanical rolling
processes. ArcelorMittal has also installed a rod mill alongside so
that the quality of products is maintained.
ArcelorMittal continues investing in the Ruhrort site. The company
also plans to invest $8.6 million in the format change in order to
adapt the plant to future requirements and to increase its
competitiveness. The planned investments will change the mould
format of continuous casting line two and will also improve the
rolling tolerance, thereby increasing the quality of the product.
Moreover, the new format will increase the range of ArcelorMittal's
products and at the same time increase the flexibility of customers
who process the steel to make forged parts such as gearboxes,
crankshafts, gear wheels or axles, predominantly for use in
ArcelorMittal Duisburg, which supplies semi-products for forging,
as well as high-strength and ultra-high-strength wire rods, will
adhere to the requirements of the strict European guidelines on
noise emissions for commercial vehicles and will deliver forgings
made from semi-products.
ArcelorMittal currently has a Zacks Rank #4 (Sell).
Other companies in the steel industry with favorable Zacks Rank
include Grupo Simec S.A.B. de C.V. (
), POSCO (
) and ThyssenKrupp AG (
). While Grupo Simec sports a Zacks Rank #1 (Strong Buy), POSCO and
ThyssenKrupp carry a Zacks Rank # 2 (Buy).
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