Swedish specialty steels producer SSAB announced plans to invest around $ 74 million to expand its heat treatment capacity at its plant in the US state of Alabama . The move will allow SSAB to strengthen its position in the US market and offer American customers higher – quality products .
Project details :
- This investment includes the construction of an advanced tempering furnace and improvements to the factory ‘s infrastructure .
- This will allow SSAB to increase production of wear – resistant and high – strength steels such as Hardox and Strenx .
- Start of construction of new equipment : 2025
- Start of operation : 2027
