ArcelorMittal Point Lisas steel plant

From Global Energy Monitor

[español]

This article is part of the Global Steel Plant Tracker, a project of Global Energy Monitor.
Sub-articles:

ArcelorMittal Point Lisas steel plant (Planta siderúrgica ArcelorMittal Point Lisas), also known as ISCOTT steel plant or Iron and Steel Company of Trinidad and Tobago, is a mothballed 1000 TTPA electric steel plant in Point Lisas, Trinidad and Tobago.[1][2] The ArcelorMittal Point Lisas facility includes two electric arc furnaces (EAF)[2][3] and three direct reduced iron (DRI) plants.[3][4]

Location

The map below shows the location of the plant in Point Lisas, Trinidad and Tobago.

Loading map...

Background

At the time of its commissioning in 1980, the Point Lisas steel plant was known as ISCOTT (the Iron and Steel Company of Trinidad and Tobago).[2] The original facility included two Midrex Direct Reduction Iron (DRI) modules with a combined capacity of 840 ttpa (thousand tonnes per annum) and a melt shop with two 90-tonne Demag electric arc furnaces (EAF).[2] A third Midrex module with a capacity of 1360 ttpa was added in 1999.[4]

In 2006, the Point LIsas plant became a wholly owned subsidiary of ArcelorMittal.[2] Over the next decade the plant faced a series of challenges, including worker unrest, competition from Turkey and China, and mounting debt due to increased costs and a slowdown in the global steel industry.[2] Production declined precipitously at the end of 2015, and in March 2016 the plant was shuttered, leading to the dismissal of 644 workers.[2][1]

Despite repeated attempts to sell off the plant's assets, there have been no successful bids, and as of February 2022 the Point Lisas plant remains indefinitely mothballed.[1][3][5]

Plant Details

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 "Third attempt to sell ArcelorMittal assets". Trinidad Express. March 2, 2021.
  2. 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 2.10 2.11 2.12 "Impact of the Closure of a Large Foreign Direct Investment: The Case of ArcelorMittal in Trinidad and Tobago" (PDF). Central Bank of Trinidad and Tobago. January 2020.
  3. 3.0 3.1 3.2 3.3 3.4 3.5 3.6 "Request for Expressions of Interest" (PDF). ArcelorMittal Point Lisas Limited (In Liquidation). October 2018.
  4. 4.0 4.1 4.2 "Midrex® Plants" (PDF). Midrex. May 2021.
  5. 5.0 5.1 "Clarity needed on steel plant". Trinidad and Tobago Newsday. September 25, 2019.
  6. 6.0 6.1 "ArcelorMittal - List of Significant Subsidiaries". US Securities & Exchange Commission. December 31, 2007.
  7. 7.0 7.1 7.2 Developments in Steelmaking Capacity of Non-OECD Economies 2013. OECD Publishing. August 12, 2014. ISBN 978-92-64-21798-0.
  8. "2020 World Direct Reduction Statistics" (PDF). Midrex. September 14, 2021.
  9. 9.0 9.1 "ArcelorMittal - Information on the Company". US Securities & Exchange Commission. December 31, 2009.

Other resources

This page uses material from the Wikipedia page [wikipedia.org/Page_Title Page Title] under the provisions of the Creative Commons Attribution-ShareAlike 3.0 Unported License.