Steel Mills
ArcelorMittal Announces NA Flat Rolled Segment and Leadership Changes
Written by Sandy Williams
October 30, 2014
ArcelorMittal announced today the formation of a flat-rolled segment in North America as well as a shake-up in leadership to enhance performance in its North American operations.
The North American segment represents one fourth of the company’s steel shipments and profits. The reorganization is expected to improve North American operations and accelerate the successful integration of AM/NS Calvert.
“We are creating a more efficient organization by leveraging the company’s knowledge and expertise, optimizing our North American operations and achieving optimal performance with our improved asset portfolio,” said Lou Schorsch, chief executive officer, ArcelorMittal Americas. “The successful integration of AM/NS Calvert requires the company to evaluate every opportunity for improvement, to ensure world-class execution for our customers.”
Leadership changes resulting from formation of the new segment are follows:
• Jim Baske, currently chief executive officer of ArcelorMittal Dofasco, will serve as chief executive officer, ArcelorMittal North American flat-rolled operations. Sean Donnelly, currently chief operating officer of ArcelorMittal Dofasco, will succeed Jim as CEO.
• Brad Davey, currently chief marketing officer of ArcelorMittal Dofasco, will be the lead commercial person for North American flat-rolled operations.
• Andy Harshaw will serve as chief executive officer, ArcelorMittal USA, reporting to Jim.
• Mike Rippey will leave his role as president and chief executive officer, ArcelorMittal USA, to become non-executive chairman of ArcelorMittal USA.
We are confident that a more integrated, aligned organization can fully unlock the tremendous potential in our North American flat-rolled assets,” said Schorsch. “We are committed to ensuring that these changes do not impact the strong relationships we have with our customers or our hardworking employees and their focus on producing safe, sustainable steel.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Cliffs unveils new hydrogen-powered stainless line in Ohio
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.