TT Iron and Steel Point Lisas steel plant

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TT Iron and Steel Point Lisas steel plant (Planta siderúrgica Point Lisas), also known as ISCOTT steel plant, Iron and Steel Company of Trinidad and Tobago, and Arcelormittal Point Lisas, is a 1000 thousand tonnes per annum (TTPA) direct reduced iron (DRI) and electric arc furnace (EAF) idled steel plant in Point Lisas, Couva, Trinidad and Tobago.

Location

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

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  • Location: Point Lisas Industrial Estate, Couva, Trinidad and Tobago, West Indies[1]
  • Coordinates (WGS 84): 10.4036057,-61.4829395 (exact)

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.[3]

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][4]

Repeated attempts to sell off the plant's assets over the next six years were unsuccessful, and the plant remained mothballed as of February 2022.[4][5][6]

As of November 2022, press reports indicated that the plant was to be sold to TT Iron & Steel Company Ltd, pending government approval and the negotiation of new power purchase agreements.[7] In June 2023, TT Iron officially confirmed its impending purchase of the plant, stating that it planned to invest US $150 million to US $200 million in refurbishing the plant over the next two years.[8] Production was expected to resume under new ownership as early as December 2024, with TT Iron confirming that it eventually planned to convert the plant to run on green hydrogen.[9]



Plant Details

Table 1: General Plant Details

Plant status Start date Closed date
mothballed[10][11] 1980[12][13] 2016[10]

Table 2: Ownership and Parent Company Information

Parent company Parent company PermID Owner Owner company PermID
TT Iron Steel Company Ltd. [100%][11] GEM0000504 [100%] TT Iron Steel Company Ltd.[11] GEM0000504

Table 3: Process and Products

Steel product category Steel products Steel sector end users Main production equipment Detailed production equipment
semi-finished; finished rolled[14] billets, wire rod[14] building and infrastructure[12] direct reduced iron (DRI) and electric arc furnace (EAF)[15] 2 EAF (Demag, 80 MVA each, 1980), 3 DRI (DRI #1: Midrex CDRI 400 series, 420 TTPA, 1980; DRI #2: Midrex CDRI 400 series, 420 TTPA, 1982; DRI #3: Midrex CDRI Mega Module, 1360 TTPA, 1999)[12][16][17][15][18]

Table 4: Crude Steel Production Capacities (thousand tonnes per annum):

Electric arc furnace steelmaking capacity Nominal crude steel capacity (total)
1000 TTPA[19] 1000 TTPA

Table 5: Crude Iron Production Capacities (thousand tonnes per annum):

Sponge iron/DRI capacity Nominal iron capacity (total)
2200 TTPA[20][15][21] 2200 TTPA

Articles and Resources

Additional data

To access additional data, including an interactive map of steel power plants, a downloadable dataset, and summary data, please visit the Global Steel Plant Tracker on the Global Energy Monitor website.

  1. (PDF) https://www.servicesepc.org/wp-content/uploads/2018/10/ArcelorMittal-Point-Lisas-Limited-In-Liquidation-Request-for-Expressions-of-Interest-new1.pdf. {{cite web}}: Missing or empty |title= (help)
  2. 2.0 2.1 2.2 2.3 2.4 "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.{{cite web}}: CS1 maint: url-status (link)
  3. "Midrex® Plants" (PDF). Midrex. May 2021.{{cite web}}: CS1 maint: url-status (link)
  4. 4.0 4.1 "Third attempt to sell ArcelorMittal assets". Trinidad Express. March 2, 2021.{{cite web}}: CS1 maint: url-status (link)
  5. "Request for Expressions of Interest". ArcelorMittal Point Lisas Limited (In Liquidation). October 2018.{{cite web}}: CS1 maint: url-status (link)
  6. "Clarity needed on steel plant". Trinidad and Tobago Newsday. September 25, 2019.{{cite web}}: CS1 maint: url-status (link)
  7. "Point Lisas Steel plant to be restarted, six years after closure". Trinidad & Tobago Guardian. November 9, 2022. Retrieved 2023-12-11.{{cite web}}: CS1 maint: url-status (link)
  8. "TT Iron Steel Company". TT Iron & Steel. Retrieved 2023-12-11.{{cite web}}: CS1 maint: url-status (link)
  9. "ArcelorMittal Finds Buyer for Idled Steel Mill". AIST. June 12, 2023.{{cite web}}: CS1 maint: url-status (link)
  10. 10.0 10.1 https://web.archive.org/web/20220319033325/https://trinidadexpress.com/business/local/third-attempt-to-sell-arcelormittal-assets/article_73b92772-7bad-11eb-a254-e3ebfda7d7ba.html. Archived from the original on 2022-03-19. {{cite web}}: Missing or empty |title= (help)
  11. 11.0 11.1 11.2 https://web.archive.org/web/20211225054255/http://ttiron.com/. Archived from the original on 2021-12-25. {{cite web}}: Missing or empty |title= (help)
  12. 12.0 12.1 12.2 (PDF) https://web.archive.org/web/20220320122951/https://www.central-bank.org.tt/sites/default/files/page-file-uploads/impact-of-the-closure-of-arcelorMittal-abobb-lsonnylall-kthompson-rmahabir-jan-2020.pdf. Archived from the original (PDF) on 2022-03-20. {{cite web}}: Missing or empty |title= (help)
  13. https://web.archive.org/web/20220318220335/https://newsday.co.tt/2019/09/25/clarity-needed-on-steel-plant/. Archived from the original on 2022-03-18. {{cite web}}: Missing or empty |title= (help)
  14. 14.0 14.1 https://web.archive.org/web/20220922012405/https://www.sec.gov/Archives/edgar/data/1243429/000119312511204773/dex991.htm. Archived from the original on 2022-09-22. {{cite web}}: Missing or empty |title= (help)
  15. 15.0 15.1 15.2 https://energynow.tt/blog/request-for-expressions-of-interest-sale-of-steel-plant. {{cite web}}: Missing or empty |title= (help)
  16. 2022 AIST DRI & HBI Roundup
  17. 2022 AIST Electric Arc Furnace Roundup
  18. (PDF) https://web.archive.org/web/20220318083849/http://www.midrex.com/wp-content/uploads/Midrex-Plants-Sheet2021-1.pdf. Archived from the original (PDF) on 2022-03-18. {{cite web}}: Missing or empty |title= (help)
  19. https://web.archive.org/web/20220922034435/https://books.google.com/books?id=IrZFBAAAQBAJ&pg=RA4-PA77&lpg=RA4-PA77&dq=arcelormittal+point+lisas+%22crude+steel%22&source=bl&ots=MefLGVy7U1&sig=ACfU3U0Zvpgw_7rwsKNRpBvsCFao2ssF9g&hl=en&sa=X&ved=2ahUKEwiSodr0kYr1AhW8jYkEHV3RBEMQ6AF6BAgIEAM. Archived from the original on 2022-09-22. {{cite web}}: Missing or empty |title= (help)
  20. (PDF) https://web.archive.org/web/20221008040524/https://www.midrex.com/wp-content/uploads/MidrexSTATSBook2021.pdf. Archived from the original (PDF) on 2022-10-08. {{cite web}}: Missing or empty |title= (help)
  21. "2022 AIST DRI and HBI Roundup". Association for Iron & Steel Technology. January 2022. {{cite magazine}}: Cite magazine requires |magazine= (help)