Released on Monday, July 16, 2007

Siemens Metals Technologies, Österreich, Austria, received an order for three 2-strand slab casters for the new iron and steel works project of the South Korean steel producer Hyundai Steel Company.

The three casters will be installed at the steel producer's Dangjin Works and are scheduled for start-up in late 2009. The contract value for Siemens is a two-digit million dollar figure, according to a press release issued by the company, but the exact amount was not disclosed.

Siemens will supply its continuous casting technology and the related engineering and key components for the slab casters, which will be cast in thicknesses of 225 and 250 mm and at widths ranging from 800-2,200 mm. The cast steel grades will include ultra-low-carbon to high-carbon steels as well as micro-alloyed steels.

This was the first time the Siemens Group has received an order for three large-sized slab casters in a single project contract.