ARCELORMITTAL : invests €6m in Belval

Luxembourg, 23 October 2012

ArcelorMittal Belval & Differdange has approved a revamp of the core components of the Belval Electric arc furnace (EAF).

The EAF, which was commissioned in 1997, will be equipped with a new lower shell with a new “Fin-type” anode technology, a new tilting frame as well as a renewed upper shell. Thanks to this investment, productivity and production capacity will increase; transformation and maintenance costs will decrease.

Construction is expected to start in March 2013; this will require a shut-down of around two weeks. The new furnace is expected to be commissioned in April 2013.

The total investment amount is around €5.9m and is part of the “LUX 2016″ agreement.

 

Source: 4-traders.com