ArcelorMittal MT has supplied 900 tons of rebars for the construction of an iconic bridge across the river Wislok in Rzeszow, Poland. The 108.5 meters-tall, 400 meters-long and 29 meters-wide bridge will be the second-highest one in Poland. With a construction budget of €44 million, the bridge will be built with ArcelorMittal rebars to reinforce the structure’s concrete components.
The rebars were produced at ArcelorMittal Europe’s long products facility in Warsaw. The steel was designed to meet the German customer Bilfinger Infrastructure’s specific requirements at ArcelorMittal’s distribution solution facilities for cutting and bending in Katowice, Poland.
The rebars are EPSTAL-certified and meet all the specifications needed for the construction of such a bridge. Made of mild steel, with ribs for frictional adhesion to the concrete, the rebars were supplied in B 500 SP steel grade in diameters ranging from 10 to 32mm. AracelorMittal steel has earlier been used in several Polish construction projects including the new Warsaw underground stations and the Lodz railway station, which will be completed by the end of 2015.
The bridge will provide better access to Jasionka airport, as well as an extension of existing cycle lanes, and improved traffic flow through the city center, thereby benefitting the Rzeszow citizens in a number of ways. The construction is expected to be completed by Sep 2015.
ArcelorMittal's shares rose 0.6% in the trading session on Wednesday, before closing the day lower at $10.56.
Recently, ArcelorMittal announced that it has supplied 10,345 tons of HISTAR beams for the construction of a 57-storey skyscraper which was built in a record-breaking 19 days in Changsha, China. The skyscraper was constructed at the equivalent rate of three storeys per day.
The HISTAR beams, supplied by ArcelorMittal Europe’s long products plant in Differdange, Luxembourg, enabled the speedy fabrication of the vast amount of steel “trees” required to construct the building’s core.
ArcelorMittal has supplied steel for several other skyscrapers worldwide, including the Freedom Tower in New York and the World Financial Center in Shanghai.
ArcelorMittal currently has a Zacks Rank #3 (Hold).
Better-ranked companies in the steel space include Commercial Metals Company CMC, Evraz Highveld Steel & Vanadium Ltd. HGVLY and RTI International Metals, Inc. RTI. All of these stocks carry a Zacks Rank #2 (Buy).
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