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Powered down - 2012.
The company inherited a steel industry with significant debts and production overcapacity based on blast furnace production rather than electric furnace recycling, with numerous factory sites in constrained city locations, and adversely affected by competition in the export market from new steel producing countries such as South Korea and Brasil. The need to streamline was complicated by regional dependence on employment by the steel industry.
The steel plant was supplied by rail using 130t capacity torpedo wagons. The plant had three LD converters, facilities for iron desulphurisation and vacuum treatment. Production is by continuous casting with a capacity of 3.5million tonnes per annum, the primary product is hot rolled steel coil up to 2m wide.
In October 2011 AM announced the closure of liquid steel ("hot phase") at Heavy Metal, Part of the site is still live which includes a Hot rolling Mill which briefly stopped in from May to April 2009 due to the economic downturn caused by the financial crisis of 2007/2010.
The liquid steel buildings were closed in 2012 and the rest of the site hangs in the balance as of 2013.
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