Columbus Stainless Steel Expansion Project

The proposed project will entail the installation of a new plant to expand downstream cold-rolling capacity, which will allow Columbus Stainless to raise output of higher value-added cold-rolled product, increase margins and reduce income volatility. The expansion will extend the mill's capacity by 25% to 45 000 t/m, and enable it to process more of its current excess hot-rolled coils, by installing a new mill at the integrated stainless steel plant in Middleburg, in Mpumalanga. The project is estimated at $100,6 million of which the International Finance Corporation (IFC) has been requested to provide $50 million in the form of a loan.