A Sweden-based steelmaker with its North American headquarters in Mobile is planning to invest $12 million on a capital project aimed at increasing productivity at its Axis mill north of Mobile.

SSAB Americas, which relocated its U.S. headquarters from the Chicago area to Mobile in 2018, will use the investment to extend an existing furnace and upgrade shot blasting equipment to increase the facility’s quenching and tempering (QT) capacity at the current plant by 10%.