Steel Mills
Cleveland-Cliffs Idles AK Coal Indefinitely
Written by Sandy Williams
April 7, 2020
Cleveland-Cliffs will idle AK Coal due to reduced demand for coal in internal operations resulting from manufacturing shutdowns related to the COVID-19 pandemic.
The company said in a statement: “Cleveland-Cliffs continues to evaluate internal operational requirements for metallurgical coal required for steelmaking. Significant reductions in manufacturing in the United States resulting from the COVID-19 pandemic, particularly among our automotive clients, have dramatically reduced our internal need for coal, leading to the indefinite idling of the coal mine. The coal leadership team will maintain the assets and ensure environmental compliance with state and federal regulations. Longer term options, including a sale of the asset, will be evaluated during this indefinite idle of AK Coal.”
Cleveland-Cliffs CEO Lourenco Goncalves divested the company of its final coal operations at the end of 2015 in favor of a pellet-centric strategy. Acquisition of AK Steel last year included the coal operations in Somerset, Pa.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nucor keeps HR base price steady to end November
Nucor is holding its hot-rolled (HR) coil base price flat at $750/st for the third week in a row.
Primetals to replace two EAFs at US mill
Primetals Technologies will be replacing two electric-arc furnaces at a steel mill in the US with one more energy-efficient furnace.
Nippon’s Mori meets with Pa. Gov. Shapiro: Report
Nori, a top Nippon Steel official, met on Tuesday with Pennsylvania's governor, to discuss its proposed acquisition of U.S. Steel.
Nippon won’t import slabs to US if U.S. Steel deal goes through
Nippon Steel has affirmed that if its $14.9-billion bid for U.S. Steel proves successful, the Japanese steelmaker will not import overseas-produced slabs to the US.
AISI: Raw steel production falls to 5-week low
Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.