Danieli’s steelmaking division consists of the special steels producer ABS in Udine, Italy and the recently acquired Sisak steelplant in Croatia, bought from the US steelmaker CMC.
The Steelmaking Division also has a research centre in France, ABS Centre Metallurgique as well as production in Germany ABS Deutschand and Qualisteel in Italy.
At ABS, the revamping of the existing blooming mill will go ahead and a number of activities targeting the production of higher added value special steel grades. Any expansion of steelmaking capacity is dependent on further electrical power being made available by the regional government.
The Sisak steel mill in Croatia has been acquired to produce special semi-finished products in quality steel grades, and the existing plant which includes a 60t EAF and continuous caster will be upgraded to achieve this. Capacity will be 500kt/y. The seamless pipe mill on the site was not part of the acquisition.
The Steelmaking Division made a net profit of €34.9M in FY 2011/12 (to June 30), up 77% on the year previous. EBITDA was €111.7M an increase of 46% y-o-y and total revenue steel at €891.6M up 9% y-o-y.