Steel Products
Kentucky Electric Steel Closing Operations
Written by Sandy Williams
January 11, 2018
Steel merchant bar producer Kentucky Electric Steel, located in Boyd County, will cease operations permanantly on March 10, laying off 113 employees.
“This is nothing but bad and sad news,” said Boyd County Judge Executive Steve Towler. “Every job we lose has an impact on the county in many ways.” The county is still recovering from the idling of AK Steel’s Ashland plant two years ago.
The KES minimill produced merchant bar quality and special bar quality steel bar flats for various applications.
The mill is owned by Optima Specialty Steel. Optima filed for Chapter 11 bankruptcy in December 2016 and emerged from bankruptcy protection in October 2017.
{loadposition reserved_message}
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Rig count update: US activity stable, Canada slips
The number of oil and gas rigs operating in the US remained unchanged this week for the second consecutive week, while Canadian activity declined, according to the latest data released from Baker Hughes.
SMU market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
Domestic, offshore CRC prices steady
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis was unchanged in the week ended Dec. 20.
SMU Survey: Mill lead times contract slightly, remain short
Steel mill production times have seen very little change since September, according to buyers participating in our latest market survey.
Worthington Enterprises’ earnings dip in fiscal Q2’25
Worthington Enterprises' profits edged down in its fiscal second quarter of 205 vs. a year earlier. The company said a slump in sales in the quarter was due largely to the "deconsolidation" of the Sustainable Energy Solutions segment in the fourth quarter of fiscal 2024.