Steel production manufacturer ArcelorMittal Long Products Canada plans to invest close to $70 million by 2020 in its Contrecoeur, QC, facilities. ArcelorMittal will replace two reheating furnaces at its Contrecoeur-East wire rod mill (approx. $30 million) and its Contrecoeur-West bar mill (approx. $33 million). These new furnaces, which aim to increase the company's rolling capacity by 100,000 tonnes, will enable greater productivity, optimal energy use and reduced greenhouse gas emissions.