Steel Mills
North American Operations Lead the Way for Evraz
Written by Tim Triplett
January 31, 2022
The North American operations of Evraz produced 1.88 million metric tons in 2021, an 18.9% improvement over 2020 despite some falloff near the end of the year, the company said in its Jan. 31 trading update. The Russia-based steelmaker reported fourth-quarter 2021 production of 480,000 metric tons in North America, a 2.2% decline from the prior quarter, partly due to maintenance outages in November.
Year over year worldwide, Evraz consolidated crude steel production edged down by 0.4% as volumes fell after Russia introduced an export duty (effective until the end of 2021), which led to lower margins from pig iron production in Russia. The export duty’s effect on semifinished steel contributed to a 4.5% decline in sales in 2021, notably sales to North America.
Overall, total global crude steel production by Evraz mills hit 13.57 million metric tons in 2021, down a slight 0.4% from 13.63 million tons in 2020.
Evraz North America, headquartered in Chicago, has six manufacturing facilities located in Portland, Ore.; Regina, Saskatchewan; Pueblo, Colo.; and Calgary, Camrose and Red Deer, Alberta. In North America, Evraz is a leading producer of rail, pipe and steel plate. The company also has 18 scrap operations throughout Canada and the United States.
By Tim Triplett, Tim@SteelMarketUpdate.com
Tim Triplett
Read more from Tim TriplettLatest in Steel Mills
POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.
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.