On Thursday April 21st, ArcelorMittal inaugurated a new walking beam furnace in its hot strip mill in Ghent (Belgium). This €49m investment is part of ArcelorMittal Gent’s current investment program of €140m to produce a new generation of steel products. A customer day was also held on the same day, to inform customers about the investment program.
Strategic investments such as the walking beam furnace are a necessity in order to produce the steel of the future. ArcelorMittal Gent and Liège play a pioneering role in product innovation and have been chosen as the pilot sites for the development of Fortiform®, a new high-tech steel product for the automotive industry.
Fortiform®, which currently consists of three steel grades, represents a new generation of advanced high-strength steel products for cold forming. Car parts made with Fortiform® steel are 10 to 20% lighter, more economical and thus better for the environment. This way ArcelorMittal plays an important part in assisting automotive customers in limiting car emission rates to 95 grams CO2 per kilometre by 2020. The new steel also performs better in the event of a car crash.
ArcelorMittal Gent's new walking beam furnace