Stelco Holdings Inc., owner of operating company Stelco Inc., announced the successful completion of the Lake Erie Works blast furnace upgrade and reline project, and commencement of production.
“We are extremely pleased with hard work of our employees and contractors on this once in a generation project that we have undertaken in the middle of the global pandemic,” said Alan Kestenbaum, Executive Chairman and CEO, Stelco Holdings. “We were able to execute this project safely and without any loss of work hours due to COVID-19. As a result of this upgrade and reline project we believe we have created a best-in-class blast furnace at our Lake Erie Works facility.”
It’s expected the upgrades in the blast furnace will result in improved quality, increased hot metal production (up to 300,000 net tons per annum), and a corresponding $30 per net ton reduction in costs to produce steel coils.