ThyssenKrupp's Melt Shop - Work Could Begin in August

9 Sep, 2009

ThyssenKrupp AG plans to start pouring the foundation of the stainless steel melt shop next month at its $4.65 billion complex here, Peter Elliott, who manages construction for the stainless side of the operation, said last week.

The move could go a long way toward dispelling the doubts of some market watchers who have questioned in recent weeks whether the company will ever build that part of the operation, which would melt scrap into 1 million tons a year of stainless steel.

ThyssenKrupp's stainless steel operations will share the Calvert site with a larger carbon steel mill, but the two are separately managed and report to different bosses in Germany.

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