Canadian steel maker Stelco Inc has successfully commissioned the new pig iron caster at its Lake Erie Works in Nanticoke in Ontario in Canada, which has the capability of casting up to one million tons of pig iron per year. The addition of the pig iron caster to Stelco's operations further supports the Company's tactical flexibility strategy and will allow the Company to fully capitalize on increased capacity resulting from the recently completed blast furnace upgrade project.
With the expansion of electric arc furnace production in North America, the demand for iron units is placing increased pressure on the existing supply of scrap steel, making pig iron an increasingly highly valued commodity in the production of EAF steel. Stelco's new pig iron caster enables it to access this market and enhances its complete suite of products ranging from pig iron, to semi-finished steel, to hot rolled sheet, to high value added cold rolled and coated products, as well as advanced high strength steels. This optionality will allow the Company to maximize production and pursue markets that yield the highest rate of return for its stakeholders.