Steel News

North American Stainless Plans New Cold Mill

1/26/2023 - North American Stainless has greenlighted a US$244 million expansion of its Ghent, Ky., USA, mill, the company announced Thursday. 

The expansion will add 200,000 tons of annual capacity, a 20% increase that will help meet increasing demand for top-of-the-line stainless products, North American Stainless said. 
The scope of work includes installation of a new cold rolling mill and temper mill as well an expansion of the meltshop building, allowing for the addition of a 400-metric-ton crane. Work also will include an extensive upgrade of its annealing and pickling lines. 
“We are proud to lead America’s stainless steel economy, support our national security with our production and create great jobs for our region. Our latest expansion will bring more clean, sustainable and American-made stainless to consumers and directly compete with the subsidized imports of stainless,” said North American Stainless chief executive Cristobal Fuentes.
The project will be the mill’s 13th major expansion since 1990. A subsidiary of Spain’s Acerinox Group, the company said the continued importation of subsidized stainless steel — and the accompanying national security threats — make the expansion a pressing priority.