SSAB will resume the project for a new advanced line for quenched and tempered steel plate in Mobile in Alabama. In addition, a decision has been taken to construct a finishing line at SSAB's plate center in Kunshan, China. Together, the investments total SEK 2.2 billion.

The QT line in Mobile is a part of the major investment program announced in August 2008. Following a review of the program, a decision has been taken to implement the investment in Mobile, after some adjustments, with a new quenching line that will increase capacity for QT plate by approximately 200,000 tonnes.

Mr Olof Faxander CEO of SSAB said that "The investment represents an important part of our strategy to be the global leader in quenched steels."

Mr David Britten head of SSAB Americas said that "We are broadening our product and service offering for the North American domestic market and creating conditions for meeting the needs of SSAB's global customers."

The new quenching line in Mobile is expected to be in production during the first half of 2012. As a part of this project, a new vacuum tank degasser system is also being constructed, which is expected to be completed during the first half of 2011. The finishing line in Kunshan will start up in the first half of 2011.