Cold rolling mill investment

Keywords Sandvik, Steel, Milling

Sandvik Steel in Sandviken, Sweden has announced that it is to invest SEK140M in a new cold rolling mill and annealing equipment. The new mill, planned to be operational at the beginning of 2001, will produce thin strip steel used principally in the manufacture of catalytic converters.

The investment is designed to make further market growth possible and follows the installation of two cold rolling mills in 1994 and 1996, both of which are producing to full capacity. It has been planned against a background of rapidly growing markets for thin strip steel for catalytic converters and razor blade steel, areas where the market trend is towards the use of thinner strip.

The new mill will be able to roll strip down to 0.015mm thickness and will be able to more than double Sandvik's production of thin strip steel.

The new mill will also be used for production of thin Kanthal strip used as heating elements for ceramic top cookers.