Spanish-headquartered steelmaker and special steels supplier Sidenor is expanding capacity and range at one of its mills. The company has confirmed its current order book secures an 85-90% capacity utilisation rate across its mills.
The Basauri rolling mill will be revamped for €90 million ($109m). This will include a new storage area for semi-finished products, a new bar straightening, control and wrapping line, and two new thermal treatment furnaces. Capacity will thus grow to 500,000 tonnes/year, while range will also be expanded.
“Thanks to this technological renovation, Sidenor’s Basauri plant is at the forefront of the special steel sector in Europe,” the company says in a note seen by Kallanish. “The new premises enable Sidenor to take a decisive step, integrating the best technological equipment available and thus meeting the highest market quality requirements.”
Sidenor will also apply for EU funding for this investment.
The company supplies mostly the automotive sector and remains positive regarding the recovery of demand from this sector this year.
