Steel Mills

Evraz NA Confirms One-Week Outages at Portland Plate Mill
Written by Michael Cowden
January 16, 2022
Evraz North America has taken an approximately one-week unplanned outage at its plate mill in Portland, Ore., market participants said.
The downtime was needed because of problems with a reheat furnace, they said.
The steelmaker has also scheduled a weeklong planned outage at the Portland plate mill in March, sources said.
A company spokeswoman confirmed that information provided to SMU was accurate. “Both outages are correct,” she said.
A subsidiary of Russian steelmaker Evraz, Evraz NA operates the only plate mill in the western U.S. The mill’s location near both deep-water ports and rail mean Evraz NA can supply Portland with imported as well as domestic slabs, according to the company’s website.
Plate prices, unlike those for sheet, are on mostly firm ground.
SMU’s plate price stands at $1,825 per ton ($91.25 per cwt), roughly unchanged from $1,820 per ton a month ago. Hot-rolled coil prices, in contrast, have fallen approximately 15% from $1,730 per ton to $1,480 per ton over that same period, according to SMU’s interactive price tool.
By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden
Read more from Michael CowdenLatest 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.”