) and Japan's Kobe Steel, Ltd. have commissioned the new
continuous annealing line at their joint venture PRO-TEC Coating
Company. Some of the strongest and most formable grades of steel
in North America will now be processed by PRO-TEC.
The 500,000-ton PRO-TEC continuous annealing line will
produce the next generation of Advanced High Strength Steels
(AHSS) and Ultra High Strength Steels (UHSS) from 590 mega-pascal
and higher. The new grades of steel will possess superior
strength, flatness and formability that were earlier not
available at these levels.
These better-quality steels will offer the customers
critical design solutions as automotive companies minimize the
weight of component materials in their line to improve fuel
economy while enhancing strength to improve passenger safety.
The PRO-TEC joint venture will enable the customers of both
U.S. Steel and Kobe to overcome the challenges associated with
the 54.5 miles per gallon regulation, as the new grades will
enable the automotive manufacturers to reach the 2025 Corporate
Average Fuel Economy (CAFE) standards of 54.5 miles per gallon
for their passenger vehicle fleet and maintain the safety
standards their customers demand.
The products processed at PRO-TEC's new continuous annealing
line will offer the customers affordable, highly advanced options
that will position them for perpetual success.
The commissioning event is a result of a capital investment of
$400 million by U.S. Steel and Kobe in PRO-TEC, which created 500
temporary construction jobs as well as 80 full-time jobs.
U.S. Steel currently carries a short-term Zacks Rank #5
Other companies in the steel industry with favorable Zacks
Angang Steel Company Limited
LB Foster Co.
). All of them retain a Zacks Rank #2 (Buy).
ANGANG STEEL LT (ANGGY): Get Free Report
FOSTER LB CO (FSTR): Free Stock Analysis
TERNIUM SA-ADR (TX): Free Stock Analysis
UTD STATES STL (X): Free Stock Analysis
To read this article on Zacks.com click here.