TimkenSteel to invest in continuous heat-treating operations
TimkenSteel Corp., Canton, Ohio, will open an additional continuous heat-treating facility in the U.S. to produce more value-added steel for demanding applications.
The company, which is evaluating locations for the continuous thermal heat-treating operations, plans to make a decision in third-quarter 2014. The $40 million facility would be fully operational within two years and have capacity for 50,000 process-tons annually of 4- to 13-in. bars and tubes. It would be larger than each of the company's three existing thermal treatment facilities in Canton.