ArcelorMittal Set to invest EUR 88 Million in Germany in 2015

For the world's largest steel producer, ArcelorMittal, its sites in Germany remain very important. More than seven million tonnes of steel are produced in the group's four German plants in Bremen, Duisburg, Eisenhuttenstadt and Hamburg – this is about 20% of the group's European crude steel production.

Following investments of EUR 630 million made over the past five years, the group continues investing in the Federal Republic this year. Around EUR 88 million euros will be spent on modernising and increasing the competitiveness of the group's production sites in Germany.

Mr Frank Schulz, CEO of ArcelorMittal Germany Holding, said that "Germany is a good location for the production of high value added products. With our investments, we aim to further increase the competitiveness of our sites."

Around EUR 10 million will be invested in the remodeling of two strands at the steel mill in Bremen. New modern moulds will be installed – a system that contributes to increasing the performance of the continuous casting plant and also leads to qualitative benefits.

In Duisburg, ArcelorMittal will invest a total of EUR 6.5 million by mid-2015 in the conversion of the continuous casting line to a symmetric format, in order to align the system to the demands of the future and to enhance flexibility for further product segments. Following the construction of the new wire rod mill for EUR 135 million since 2010, the further investment will increase the site's competitiveness once again, leading to higher flexibility and new segments in the automotive market.

At the Eisenhüttenstadt site in the federal state of Brandenburg, the group will invest around EUR 34 million this year. This includes a performance improvement of the pulverized coal injection system at blast furnace 5A, the preparation of repairs at the same blast furnace and the installation of a new indoor crane in the hot rolling mill. The modernisation concept at galvanizing line 1 will be continued with a new preheating furnace.

In 2015, numerous ongoing investments will be completed in Hamburg – including a new analyser container in the steel plant, the commissioning of a new charging crane and the construction of an additional wire rod warehouse. Last year, the seal gas compressor in the reduction plant has already been renewed.

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