Timken Co. is another producer whose strong financial performance took a hit this past year. The facility still is on the drawing board, however. The company instead is focusing on existing customers. New melting equipment Customers use specialty steel in stringent applications, so precise melting practices are vital. CarTech almost doubled its premium melting capacity for aerospace and other markets requiring ultra-alloys two years ago.
Several companies have plans for new furnaces and melting capabilities.
A new caster will begin operating in October. This will produce 11,000 tons of high-performance alloys annually. This steel will be used in aerospace and chemical-processing applications. Republic Technologies is installing a new Danieli EAF at its Canton mill. RTI also is one of a handful of specialty companies spending to improve rolling-mill controls.