In a statement, Metallus, formerly known as TimkenSteel, said the project will enable the development of additional capacity to help fulfill increased global demand for artillery shells. The new capability is expected to increase throughput of high-quality bar-based products used in artillery applications. 

“Metallus is honored to expand our commitment to the defense sector, reliably providing high-quality specialty metals for critical applications. With this funding, we intend to further optimize our assets to meet the Department of Defense's heightened demand while reducing our carbon footprint,” said Metallus president and chief executive officer Mike Williams.