Steel Products
SMU Steel Summit to Feature SDI’s Mark Millett
Written by Sandy Williams
July 27, 2020
Steel Dynamics CEO Mark Millett is “incredibly excited” about the company’s new flat rolled mill currently under construction in Sinton, Texas. The new mill will have a capacity of 3 million tons and include a 550,000 ton galvanizing line and 250,000 ton paint line. Millett will offer an update on the project and his perspective on the market as a speaker during Steel Market Update’s virtual steel summit next month.
The EAF mill will serve three Southern and West Coast regional markets representing 27 million tons of relevant flat rolled consumption. The Sinton mill will also be among the lowest greenhouse gas emitters in the steel industry–less than 15 percent of the average producer, SDI claims.
“We believe our performance-based operating culture, coupled with our considerable experience and success in constructing and operating highly profitable steel assets, positions us incredibly well to successfully execute the transformational Texas growth investment,” said Millett during Q2 earnings comments. “As I have said before, we are not simply adding flat-rolled production capacity. We have a differentiated product offering, a unique regional supply chain solution, a significant geographic freight and lead time advantage, and offer an import alternative to a region in need of options.”
Millett is just one of the mill CEOs slated to speak at the SMU Steel Summit 2020, scheduled for Aug. 24-26. Click here for more information and to register.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
US and Canadian rig counts inch higher
Baker Hughes reported higher oil and gas drilling activity this week in both the US and Canada.
Global steel production falls to near two-year low in September
World crude steel output declined for the fourth-consecutive month in September, slipping 3% from August to an estimated 141.8 million metric tons (mt), according to the latest figures from the World Steel Association (worldsteel).
Market sources say regional activity is dictating plate demand
Demand for plate on the spot market remains soft by comparison to years past. However, this week regional demand variations grew more pronounced.
Battery #14 at USS Clairton to restart on Oct. 23
U.S. Steel plans to restart battery #14 at the Clairton Coke Works plant on Thursday, ending its idling period. Battery #14 was hot idled following the explosion at coke oven batteries 13 and 14 on Aug. 11. The Mon Valley Works Clairton plant has completed the necessary repairs. It expects the battery to restart during […]
Findings from Clairton investigations prompt USS to revise safety protocols
U.S. Steel (USS) said it’s been strengthening its safety protocols as findings from investigations into the causes of a deadly explosion at USS Clairton Coke Works on Aug. 11 materialize. The Pittsburgh, Pa.-headquartered steel producer stated that an independent investigation conducted by the Environmental Design & Testing Corp (EDT) produced findings aligned with the company’s […]