Steel Mills
NLMK USA Sales Increase in 2013
Written by Sandy Williams
January 28, 2014
NLMK USA sales for 2013 jumped 3.7 percent to 1.8 million tonnes of steel (1.98 million tons), up from 1.74 million tonnes (1.9 million tons) in 2012. Sales were driven by improved demand by service centers, pipe manufacturers, construction and automotive.
Fourth quarter 2013 steel production at NLMK Indiana totaled 164,000 tonnes (180,776 tons), down 6.9 percent q/q, with sales of 449,000 tonnes (494,929 tons). Hot rolled sales were down 10.9 percent while cold rolled and galvanized were up by 12.4 percent and 22.5 percent, respectively. Parent company Novolipetsk provided 210,000 tonnes of slabs (231,481 tons) to NLMK USA in fourth quarter.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nippon won’t import slabs to US if U.S. Steel deal goes through
Nippon Steel has affirmed that if its $14.9-billion bid for U.S. Steel proves successful, the Japanese steelmaker will not import overseas-produced slabs to the US.
AISI: Raw steel production falls 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.