Steel Mills
Acero Junction in Trial Coil Stage
Written by John Packard
January 29, 2017
Acero Junction has started the process of running their first slabs. We, along with the rest of the world, were given a peak at the process when someone from within the mill took a video of the first “bar” which is the first step of the rolling process once the heated slab leaves the re-heat furnace.
Here is a local news story on the story.
Our sources have advised us that Acero Junction anticipates rolling approximately 50,000 tons of slabs during the 1st Quarter (by the end of March) and then to expand production to 100,000 tons in the 2nd Quarter 2017. The hot strip mill is capable of running 2.5-3.0 million tons of hot rolled coil.
There is an electric arc furnace (EAF) at Acero Junction left over from the Wheeling-Pittsburgh days. Our sources are advising that the mill may attempt to bring the EAF online in the later stages of the 2nd Quarter.
Steel Market Update has attempted to contact Acero Junction on a number of occasions and has not yet received a response to our direct inquiries. We will continue to try to establish a dialogue with the mill in the coming days and weeks.
John Packard
Read more from John PackardLatest in Steel Mills
Cliffs swings to loss in 2024 amid ‘worst steel demand environment since 2010’
"The second half of last year was especially bad with the steel demand from the automotive sector slowing down, construction activity lagging and industrial production taking a hit," the CEO said.
CRU: Gerdau may opt to invest in US instead of Mexico amid tariff shake up
Brazilian long products producer Gerdau is now considering siting a 600,000 ton per year specialty steel plant in the United States, rather than Mexico as initially planned, in the wake of President Donald Trump’s imposition of 25% tariffs on steel imports into the US.
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.