BIRMINGHAM STEEL TO DEDICATE NEWLY MODERNIZED HIGH-TECH MINI-MILL IN KANKAKEE, ILL.
BIRMINGHAM STEEL TO DEDICATE NEWLY MODERNIZED HIGH-TECH MINI-MILL IN KANKAKEE, ILL. NEW YORK, Oct. 8 /PRNewswire/ -- Birmingham Steel Corporation, Birmingham, Ala., will dedicate its newly modernized mini-mill facility in Kankakee, Ill., tomorrow Oct. 9. The Kankakee steel facility was built in 1962 and has been completely modernized since being acquired by Birmingham Steel in 1984. The company has invested over $60 million to install equipment that has raised the plant's annual steelmaking and rolling capacities to 600,000 and 400,000 tons respectively. The plant's new melt shop contains an ultra-high powered arc furnace with state-of-the-art control equipment and a four-strand continuous casting machine. The new high-speed rolling mill is a 14 stand no-twist mill and has in-line straightening, stacking, and automatic bundling equipment to produce merchant shapes and rebar. Scheduled for completion in December is an upgrade of the reheat furnace that will increase the mill's annual rolling capacity to 500,000 tons. Company officials said the Kankakee facility has begun participating in the overseas market, shipping products to destinations such as South Korea, Mexico, Taiwan and countries in Central and South America. Some 53,000 tons of billets and rebar were exported from Kankakee in fiscal 1992 and export shipments are projected to increase by 50 percent in fiscal 1993. The Kankakee mill employs 275 people and maintains the lowest steel production conversion cost among Birmingham Steel's mills. Increased monthly shipment and production records were set nine times during fiscal 1992. Finished products manufactured at the Kankakee mill include rebar used in highway and concrete construction and merchant products such as rounds, flats, angles, channels, and squares used by industrial customers to manufacture and variety of end-use steel products. Kankakee also supplies the majority of steel for the company's distribution depot in Baltimore. Birmingham Steel is one of the world's largest mini-mill steel producers that turn scrap metal into usable steel at low cost. Along with the Kankakee facility, the company operates mini-mills in Birmingham. Ala.; Jackson, Miss.; and Seattle. -0- 10/8/92 /CONTACT: Phillip M. Casey, 205-444-3245, or Leo J. Murray, 212-247-8760, both for Birmingham Steel/ (BIR) CO: Birmingham Steel Corporation ST: Illinois, Alabama IN: MNG SU:
CK-TS -- NY063 -- 7919 10/08/92 13:47 EDT
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|Date:||Oct 8, 1992|
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