SSAB to invest in increased Q&T steel production capacity
SSAB is to invest a total of around SEK 1 billion in SSAB Americas’ steel mill in Mobile, Alabama to increase production capacity for quenched and tempered (Q&T) steels and to reduce costs. The investments will take place during 2019-2021 and will increase the annual capacity of Q&T in Mobile from 300,000 tonnes to 400,000 tonnes. Taking into account the cost savings, the payback time is estimated to be less than four years.“SSAB is a global leader in Q&T steels and we have largely driven market growth through application development together with customers. Over the past 20 years, we have