Steel Mills
Extension Granted to Big River Steel in Lawsuit
Written by Sandy Williams
September 10, 2014
Big River Steel has been granted a 28-day extension to respond to the latest lawsuit brought by rival steel mill, Nucor Corporation. Nucor filed a suit in federal court last month to block construction of the 1.3 billion steel mill and to revoke the air permit that was granted to Big River. Nucor claims the future emissions from the new steel plant will adversely affect the health of Nucor employees.
Nucor opposed the courts decision on the grounds that the ongoing construction during an extension will lead to arguments by Big River that “the extent to which the project has been completed will affect the balance of harm involved in the issuance of an injunction.”
The official groundbreaking for Big River Steel is scheduled for September 22.
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.