START UP OF THE THIRD ANNEALING AND PICKLING LINE IN NAS

The third annealing and pickling line in NORTH AMERICAN Stainless, ACERINOX’s american subsidiary has started up. On the 6th of the present month, the third Cold rolled Sendzimir Mill (ZM) had done so.

The third annealing and pickling line in NORTH AMERICAN Stainless, ACERINOX’s american subsidiary has started up. On the 6th of the present month, the third Cold rolled Sendzimir Mill (ZM) had done so.

Both launches have taken place 21 days before the foreseen calendar date.

They sum up to a total investment of 130 million USD and imply great technological advances.

The Board of Directors is considering the immediate signing up of a fourth ZM in order to meet, together with the third ZM at COLUMBUS-South Africa (start up forecast for October 2004), the demand of the future European market needs, due to the cancellation of all types of investments in the Campo de Gibraltar Mill.

NORTH AMERICAN STAINLESS exports have almost multiplied by three during the year 2003.