Steel Mills

Storage Dome Collapse to Delay Start-up of Nucor DRI Plant
Written by Sandy Williams
September 26, 2013
A storage dome collapse will delay the start-up of Nucor’s new DRI plant in Convent, La., until the end of the year said Nucor officials in a press release on Sept. 26.
On Wednesday afternoon, one of three storage domes for storage of iron ore pellets, suffered structural failure and collapsed, creating what sounded like an explosion and prompting calls to 911. No explosion, fire or injuries occurred. The dome, which is constructed of concrete with a fabric skin, was reported to look a deflated balloon. The conveyor system connected to the tops of the three domes was bent. The collapse is under investigation said Nucor officials.
The plant is in the “commissioning stage” and was expected to start production in the next few weeks. The incident will delay the start of the $750 million DRI project that has been under construction since March 2011. The plant will use natural gas to convert iron ore pellets into direct reduced iron. The plant is expected to produce 2.5 million tons of DRI per year.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Ternium pushes forward with growth projects despite slump in earnings and Mexican market
Ternium S.A. Fourth quarter ended Dec.31 2024 2023 Change Net sales $3,876 $4,931 -21.4% Net income (loss) $333 $554 -39.9% Per diluted share $1.43 $2.11 -32.2% Full year ended Dec.31 Net sales $17,649 $17,610 0.2% Net income (loss) $174 $986 -82.4% Per diluted share $(0.27) $3.44 -108% (in millions of dollars except per share) While […]

Kestenbaum, Ancora state their case in proxy fight for U.S. Steel
Ancora Holdings is moving forward with its proxy fight to oust U.S. Steel’s leadership and install a new board of directors and Alan Kestenbaum as CEO.
BlueScope shelves midstream facility but still upbeat on US
BlueScope Steel is pulling back on its expansion plans in the US for now but remains optimistic about the North American market.

Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]

Trump says Nippon will ‘invest heavily’ in USS rather than buy it
Nippon Steel has agreed to “invest heavily in U.S. Steel as opposed to own it,” President Donald Trump said on Friday during a press conference with Japanese Prime Minister Shigeru Ishiba. U.S. Steel is “a very important company” and was once “the greatest company in the world”. Of potential foreign ownership of the Pittsburgh-based steelmaker, Trump said, “the concept, psychologically, not good."