Steel Mills

NLMK to Idle HSM in Pennsylvania Plant for Two Weeks
Written by John Packard
March 20, 2020
NLMK USA’s plant in Farrell, Pa., is running a full schedule right now, but will idle its hot strip mill next week as the plant is low on slabs.
The mill is dependent on imports of slabs. Its allocation of slabs for the second quarter does not open until April 1. The mill expects slabs to begin arriving around April 4-5, at which time the HSM will restart production. The anticipated outage on the hot strip mill is 10-14 days, the company told Steel Market Update.
In light of the automotive shutdown and closures of manufacturing facilities by individual state governments, the mill is expecting a slowing of the flow of orders. On Thursday, the governor of the Pennsylvania ordered all “non-life-sustaining” businesses to shut down. However, NLMK Pennsylvania plants are considered essential businesses and will continue to operate, the company said.

John Packard
Read more from John PackardLatest in Steel Mills

CRU: Tata Steel looks to shed 1,600 jobs in the Netherlands
The company said, “The challenging demand conditions in Europe driven by geopolitical developments, trade and supply chain disruptions and escalating energy costs have affected the operating costs and financial performance."

Reports: Federal funding for Cliffs’ project could be slashed
Elon Musk's DOGE is determining which Department of Energy grants to advance and which ones to terminate, according to several media outlets

Trump still against selling USS to Japanese firm: Report
Despite ordering a new review of Nippon Steel’s bid for U.S. Steel, President Trump said he is still against selling USS to a Japanese company, according to media reports.

Algoma looks to sell more steel in Canada in wake of Trump’s tariffs
The Canadian steelmaker said its absorbing higher tariffs as it moves forward.

Ancora abandons plan to take over leadership of USS
Investment firm Ancora Holdings Group has halted its play for U.S. Steel's board, citing Nippon Steel’s proposed bid for USS “gaining momentum.”