SLATER &lt;SSI.A.TO> PLANS U.S. MODERNIZATION
  Slater Industries Inc said it planned a
  15 mln dlr modernization of its Slater Steels Corp Fort Wayne
  specialty bar division in Indiana.
      It said the modernization would involve replacement of the
  existing bar mill with a high-speed, quick-change continuous
  mill. The new facility will lower labor and mill costs and
  enhance product quality and range, Slater said.
      Completion date of the new mill was undisclosed.
  

