"We are renewing ArcelorMittal's commitment to Quebec. Our choice to invest in the acquisition of high-performance equipment will help us accelerate our move toward high-value-added steel production, particularly for the automotive and construction industries," said François Perras, the division’s chief executive. 

The project primarily entails the replacement of the pusher-style reheat furnaces at its Contrecoeur-East wire rod mill and its Contrecoeur-West bar mill. 

"These new furnaces, which aim to increase the company's rolling capacity by 100,000 metric tons, will enable greater productivity, optimal energy use and reduced greenhouse gas emissions," the company said. 

The work is estimated to cost CAD$63 million and is scheduled for completion sometime in the first half of 2020. 

Additionally, ArcelorMittal will be replacing the Contrecoeur-West steel works dust collector at a cost of CAD$6 million. That project is to be completed by the end of this year.