Network Steel, the Spanish trading and industrial group, has advanced with its plan to start a new galvanising mill for coil in northern Spain. This week the local government recognised the company’s industrial plan as “…strategic”, thereby helping to speed up the investment process.
Thanks to this support local sources believe the mill could be operational as soon as October this year, Kallanish notes.
The new mill will be located in a former wind-power unit purchased from Vestas. It is expected to have a capacity of 520,000 tonnes/year of galvanised coil when it reaches its full potential at the end of 2020. With an investment of €130 million ($146.6m) the new plant will have a pickling line, two cold rolling lines and two galvanising lines.
Network Steel currently controls three production units, Aranda Coated, Santander Coated and Todoaceros, dedicated to the output of coil. The group is also one of the largest traders of steel products in Spain and recently acquired the service centre company Plafesa.