This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

United States Steel Corporation And Kobe Steel, Ltd., Of Japan Commission PRO-TEC Coating Company Continuous Annealing Line

Stocks in this article: X

LEIPSIC, Ohio, May 13, 2013 /PRNewswire/ -- Today, United States Steel Corporation (NYSE: X) and Kobe Steel, Ltd., of Japan formally commissioned the new Continuous Annealing Line at their joint venture PRO-TEC Coating Company. PRO-TEC will now process some of the strongest and most formable grades of steel in North America.  These new grades will assist automotive manufacturers in reaching the 2025 Corporate Average Fuel Economy (CAFE) standards of 54.5 miles per gallon for their passenger vehicle fleets and maintain the rigorous safety standards consumers demand.

Through cutting-edge heat treat and quench technology, the 500,000-ton PRO-TEC Continuous Annealing Line will produce the next generation of Advanced High Strength Steels (AHSS) and Ultra High Strength Steels (UHSS) from 590 mega-pascal and higher. These new grades of steel have unmatched metallurgical properties -- superior strength, flatness and formability previously unavailable at these strength levels. These steels support our customers by offering critical design solutions as automotive companies reduce the weight of component materials in their line to improve fuel economy while continuing to enhance strength to improve passenger safety. These properties, coupled with steel's inherent recyclability and overall environmental performance, make steel the material of choice for automotive manufacturers.

"The investment in this Continuous Annealing Line represents more than just the future of this facility – it also represents the future for automotive steel products and the applications in which they are used," said U. S. Steel Chairman and CEO John Surma. "U. S. Steel and Kobe Steel saw an opportunity for our PRO-TEC joint venture to help our automotive customers overcome the challenges associated with the 54.5 mpg regulation, and the products processed at PRO-TEC's new Continuous Annealing Line will offer our customers affordable, highly advanced options that will position them for ongoing success." 

Industry wide, in the last 10 years, the use of high-strength steels has doubled in number, and as a result are the fastest growing materials in the car. These newly formulated grades reduce vehicle weight without sacrificing safety and importantly, affordability. 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.65 +225.28 1.31%
S&P 500 2,024.04 +21.88 1.09%
NASDAQ 4,686.8550 +48.8610 1.05%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs