Steel Mills
No DRI Plant for North Star Bluescope
Written by Sandy Williams
July 17, 2014
North Star Bluescope Steel will not be building a DRI plant at its steelworks in Delta, Ohio. The company, jointly owned by Bluescope and Cargill Inc., announced that it had concluded a feasibility study on building a DRI facility and found that the “forecast risk adjusted returns are not sufficiently attractive to justify the investment.”
North Star BlueScope Steel, a producer of flat rolled steel, operates two electric arc furnaces with a total output of approximately 2 million tons of hot rolled coil annually.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
USS anticipates Q4 loss on weak demand, BR2 start-up
Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 mill, USS is anticipating a loss for the fourth quarter.
Nucor blames steel mills segment for depressed Q4 guidance
Nucor cited decreased volumes and prices in it steel mills segment as the key driver of its lower guidance for the fourth quarter.
SDI warns of lower Q4 profits on weak prices, Butler outage
The Fort Wayne, Ind.-based steelmaker and metal recycler expects Q4'24 earnings guidance in the range of $1.26 to $1.30 per diluted share.
Nucor holds the line on published HR spot price
The steelmaker has kept its weekly consumer spot price for hot-rolled steel sheet unchanged since Nov. 12.
Nippon’s Mori assures USS workers on deal, rebuts USW objections
Nippon Steel addressed a host of objections by the United Steelworkers (USW) related to the Japanese steelmaker’s proposed buy of Pittsburgh-based U.S. Steel.