Steel Mills
NLMK Says U.S. Division at Risk from Tariffs
Written by Sandy Williams
May 6, 2018
Russian steelmaker NLMK says it may have to close its U.S. division if it does not receive an exemption from the 25 percent steel tariff.
NLMK USA depends on slab shipments from Russia and cannot source enough slabs in the U.S. to maintain its operations.
“Without exclusion for semi-finished steel slabs, the tariffs will have the perverse effect of killing U.S. steelmaking jobs and potentially putting our company out of business,” said NLMK USA CEO Robert Miller in a letter to Commerce dated March 23, 2018.
“NLMK USA has made numerous attempts to secure slabs domestically, with little success. Between 2016-2017, NLMK Pennsylvania was only able to secure 2 percent of total receipts domestically and was forced to import the remaining amount,” said Miller.
Miller said the company had planned to double its U.S. investment, adding another $664 million between now and 2022. Those plans are now on hold and dependent on the outcome of the exclusion process, he said.
The U.S. operations are comprised of NLMK Indiana, NLMK Pennsylvania, and Sharon Coating and produces slabs, HRC, CRC and HDG. NLMK has steelmaking capacity of about 800,000 metric tons and rolling capacity of around 2.9 million MT. The U.S. division imports more than 2 million MT of slabs annually, with 90 percent of it from its Russian parent.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Cleveland-Cliffs quietly removes name from Steelton mill
The Cleveland-Cliffs name has been removed from its idled Steelton rail mill. SMU asked Cliffs about the move and if it might signal that it is selling the mill...
Nucor sees sequentially lower Q3 profits across all three business segments
Nucor's third-quarter earnings will be down quarter-over-quarter, but still higher than a year earlier.
Hyundai still on for Louisiana steel mill despite US raid at Georgia battery plant
Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.
Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.
Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.