Steel Mills
Severstal Exploring Sites for New Technology Ore Plant
Written by Sandy Williams
March 23, 2013
Severstal announced that International Iron Beneficiation Group Ltd. (IIGB) has launched a study into the feasibility of locating a granulated iron facility in Sydney, Nova Scotia. Severstal is also considering locations in Quebec, Minnesota, Kentucky and Indiana.
The iron facility would use an innovative process that converts superfine iron ore into metallic iron units without the need for agglomeration. The product would be used in electric arc furnaces as a substitute for scrap. Advantages of the process include cost efficiency and lower environmental impact over traditional iron processing. IGGB is launching the first commercial plant using this technology in Phalaboro, South Africa. Severstal holds a 33 percent stake in the plant.
“IIBG emphasizes at this time that the company is conducting the necessary due diligence to determine the feasibility and priority of potential sites. IIBG cautions and confirms that no final commitments can be made at this very early stage of the business development process,” said Dmitry Solomin, CEO, IIBG.
Severstal has two electric arc furnaces (EAF) at their plant in Columbus, Mississippi (recently visited by SMU Steel 101 workshop).
The company recently put their DRI facility scheduled to be built in Trinidad & Tobago on hold.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
AISI: Raw steel production eases to 5-week low
Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.
Nucor maintains HR price at $750/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.
Mexican court orders sale of officially bankrupt AHMSA
After failing to reach agreements with its creditors, Altos Hornos de México (AHMSA) has been formally declared bankrupt by a Mexican bankruptcy court.
AISI: Raw steel production edges back up
Domestic raw steel production recovered last week, after slipping the week prior, according to the latest American Iron and Steel Institute (AISI) data. Weekly production remains at some of the lowest levels recorded this year.
Cliffs closes its 2024 HR spot book
Cleveland-Cliffs announced the closing of its December order book for hot-rolled coil spot purchases, though it said contract bookings remain available.