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Castrip LLC signed a license agreement with a North American steelmaker to build and operate a plant utilizing the Castrip® thin-strip casting process. The new casting facility will have the capability to produce 500,000 tons of thin-gauge, high-strength sheet steel for local manufacturing and construction markets.

The independent EAF steelmaker will be the first licensee outside of Nucor, which owns and operates thin-strip casting facilities in Indiana and Arkansas, to build a Castrip facility. The new twin-roll casting and rolling plant will produce UCS (ultra-thin cast strip) coils up to 1,680 mm (66 inches) wide. Start-up is scheduled for early 2016.