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
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.
Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]
Trump says Nippon will ‘invest heavily’ in USS rather than buy it
Nippon Steel has agreed to “invest heavily in U.S. Steel as opposed to own it,” President Donald Trump said on Friday during a press conference with Japanese Prime Minister Shigeru Ishiba. U.S. Steel is “a very important company” and was once “the greatest company in the world”. Of potential foreign ownership of the Pittsburgh-based steelmaker, Trump said, “the concept, psychologically, not good."