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ArcelorMittal plans to invest $162 million more in its Burns Harbor steel mill.

The steelmaker will make investments in a number of areas at the mill on the Lake Michigan shoreline over the next several years, including the hot mill, an in-line temper mill, new cranes and a new basic oxygen furnace vessel.

“Improvements to the #2 battery will augment investments already underway and secure the future of the coke ovens," said John Mengel, the plant's vice president and general manager. "Steelmaking reliability will be enhanced with the installation of replacement vessels. Our product offerings will include higher strength and heavier gauge hot-roll products enabled by larger and stronger coiling equipment.

"Investment at the pickle lines will enhance packaging and shipping while the addition of a temper mill to the continuous heat treat line will improve quality. Finally, enhanced mill control features and quality monitoring equipment will help with the delivery of quality plate products to our customers.”

The town of Burns Harbor is granting ArcelorMittal, its largest taxpayer, property tax abatements as an incentive for the new investment.