ArcelorMittal Investing $160M at Burns Harbor
BURNS HARBOR - Luxembourg-based ArcelorMittal has announced plans to invest more than $160 million in its Burns Harbor steel mill. Our partners at The Times of Northwest Indiana report the steelmaker's investment will focus on several areas within the facility over the next several years.
The investment includes improvements to the facility's hot mill, an in-line temper mill, new cranes and a new basic oxygen furnace vessel, according to the publication.
"Steelmaking reliability will be enhanced with the installation of replacement vessels," John Mengel, vice president and general manager of the plant, told The Times. "Our product offerings will include higher strength and heavier gauge hot-roll products enabled by larger and stronger coiling equipment. Investment at the pickle lines will enhance packaging and shipping while the addition of a temper mill to the continuous heat treat line will improve quality. Finally, enhanced mill control features and quality monitoring equipment will help with the delivery of quality plate products to our customers."
The town of Burns Harbor has granted property tax abatements for the new investment.