BENTELER STEEL/TUBE TO INVEST 975 MUS$ IN LOUISIANA

Benteler Steel/Tube, a division of Benteler Group, with headquarter in Salzburg-Austria,  is executing an investment of 975MUS$ in the state of Louisiana-USA.

The first face of the investment project will consist in a facility to hot roll seamless tubes for the energy sector, mainly oil&gas. Afterwards, the company plans to build an electric arc furnace with a capacity of 320.000 Mt steel production.

The plant will be very close to Caddo-Bossier Port on the coastal side of Louisiana.

Fast moving, technology driven, product oriented and medium sized multinational companies seams to perform better in strategy and execution than big integrated groups.

Huge steel plants with captive port, power station, coke plant, blast furnaces, BOF converters and continuous casters, just producing slabs are the Industrial Paradigm of Old Gone Times.

Steel mini-mills based in electric arc furnaces combined with medium to high steel products production oriented to regional markets is a much more advanced and tuned industrial concept for the years to come.

Benteler's decission is on the right way and in the right place. Electricity generation cost in USA is going done and the tendency will continue supported in shale gas exploration  and renewable energies.