Market Segment
Chinese Refractory Maker Plans Facility in Kentucky
Written by Tim Triplett
June 22, 2020
PRCO America, Inc., a Chinese company that manufactures refractory brick used by steel mills to line their furnaces and transfer ladles, plans to open their first U.S. facility, in Graves County, Ky., by the end of the year.
The western Kentucky location was chosen for its proximity to many steel mills, as well as to shipping access on the Mississippi river. The company will produce custom-sized resin-bonded magnesia graphite refractory brick for mills in the U.S., Canada and Mexico.
PRCO America is a division of China’s Puyang Refractories Group Co. The company received a tax incentive to locate the $5.5 million facility in the state of Kentucky, creating 32 jobs.
–Reporting by Alice Buro
Tim Triplett
Read more from Tim TriplettLatest in Market Segment
Leibowitz: Is the China truce real or a Band-Aid?
US President Donald Trump and Chinese President Xi Jinping on Thursday had a much-anticipated meeting. Is it only a hiatus in the trade war, or did it really change the situation? I suspect the former, I but hope for the latter.
Nucor targets ‘white hot’ data center boom
With infrastructure demand shifting toward digital capacity, Nucor Corp. is positioning itself as the go-to steel supplier for the data center boom.
Gerdau’s N. American earnings rise in Q3 due to fall in imports
Gerdau’s North American profits rose in the third quarter, boosted by a decline in imports due to Section 232 steel tariffs.
Ternium swings to Q3 loss, eyes 2026 recovery
Ternium closed the third quarter with steady shipments and improving margins. But trade policy uncertainty and subdued demand in Mexico weighed on the Latin American steelmaker’s results.
SMU Mill Order Index fell in September
SMU’s Mill Order Index declined in September after repeated gains from June through August. The shift came as service center shipping rates and inventories fell.