Indian steelmaker Tata Steel has announced that it has opened a new finishing line at its IJmuiden steelworks in the Netherlands to strengthen the supply of high-value steels to the automotive sector and other markets.
Tata Steel invested €12 million in the finishing line, which will process up to 400,000 mt of galvanized (corrosion resistant) steel coil a year.
Tata Steel stated that the opening of the new finishing line has also freed up the company's cold rolling plant in IJmuiden which was responsible for finishing galvanized steel. This will enable the company to increase the supply of uncoated cold rolled steel to customers.