Oregon Steel Mills lease former LTV Facility
The
US steel producer Oregon Steel Mills stated that it has leased the equipments of the former LTV Structural Tube Facility which is located in Portland, Oregon. The company also has an option to acquire LTV when the lease expires in March 2017.
The equipments that are leased by Oregon Steel are slitting line, structural
tubing mill, coating system and
manufacturing facility.
The facility known as Columbia Structural
Tubing (CST) will produce rectangular hollow steel sections in the range of 6.35-25.4 cm. CST will supply structural
tubing to a regional market, including British Columbia, the Pacific Northwest, Montana, Northern California, Idaho and Utah.
Oregon officials expressed that the company has additional downstream opportunities for coil product and the ability to produce quality
tubing for Northwest customers, by leasing these equipments.