France-based steelmaker British Steel Saint-Saulve, formerly Ascoval, a subsidiary of British Steel’s shareholder Olympus Steel, has announced that it will invest €16 million to produce more sizes and shapes of billets and blooms by August 2020, according to media reports.
The plant will be able to manufacture square and rectangular blooms and new products are particularly intended for rail and wire rod production. This new production line was commissioned from the Italian industrial group Danieli.
The CEO of the company, Cédric Orban said that the new production line has successfully passed all the test and approvals and that the company has signed 12 new customers, representing a market share of nearly 50 percent.