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ThyssenKrupp to invest in hot strip production
26 May 2011: ThyssenKrupp Steel Europe AG is to invest around Euro 300 million (approx Rs 1,905 crore) in its hot strip mills in Bochum and Duisburg. The investments will help the company strengthen its position as technology leader for premium flat-rolled carbon steel products. The modernisation will also secure sites and jobs in the Rhine- Ruhr area.
The company operates four hot strip mills with a total annual capacity of around 15 million metric tonne. Hot strip mills 1 and 2 are located at the Duisburg site, along with a casting-rolling line that also produces hot-rolled. Hot strip mill 3 is in Bochum. To produce hot strip, steel slabs are rolled into thin strip in a series of mill stands at temperatures of more than 1,000 degrees Celsius. The material is either used by customers directly or further processed at ThyssenKrupp Steel Europe.
Source: Yourindustrynews