ArcelorMittal Point Lisas steel plant

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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.

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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.{{cite web}}: CS1 maint: url-status (link)
  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.{{cite web}}: CS1 maint: url-status (link)
  3. 3.0 3.1 3.2 3.3 3.4 3.5 3.6 "Request for Expressions of Interest". ArcelorMittal Point Lisas Limited (In Liquidation). October 2018.{{cite web}}: CS1 maint: url-status (link)
  4. 4.0 4.1 4.2 "Midrex® Plants" (PDF). Midrex. May 2021.{{cite web}}: CS1 maint: url-status (link)
  5. 5.0 5.1 "Clarity needed on steel plant". Trinidad and Tobago Newsday. September 25, 2019.{{cite web}}: CS1 maint: url-status (link)
  6. 6.0 6.1 "ArcelorMittal - List of Significant Subsidiaries". US Securities & Exchange Commission. December 31, 2007.{{cite web}}: CS1 maint: url-status (link)
  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.{{cite web}}: CS1 maint: url-status (link)
  9. 9.0 9.1 "ArcelorMittal - Information on the Company". US Securities & Exchange Commission. December 31, 2009.{{cite web}}: CS1 maint: url-status (link)

Other resources

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