Steel Mills
AHMSA Restarts Monclova EAF
Written by Laura Miller
September 23, 2022
Altos Hornos de México (AHMSA) has restarted its electric arc furnace (EAF) in Monclova, Coahuila, which had been down since July due to a failure at its electrical substation.
Work to repair the substation was slowed by difficulties in sourcing the right equipment, which in turn delayed the restart of the EAF, according to a statement from the Mexican flat-rolled steelmaker
The EAF is expected to reach its normal run rate in October, but production will be limited this month to approximately 15,000 tons. The furnace has an annual steelmaking capacity of 1.2 million metric tons.
The furnace restart comes at an interesting time when many other North American steelmakers are idling furnaces or taking downtime for maintenance as the market slows and tries to find a clear direction.
AHMSA makes hot-rolled coil, cold-rolled coil, plate, tinplate, and structural shapes, according to its website.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
Read more from Laura MillerLatest in Steel Mills
SDI presses on with steel, aluminum investments
Steel Dynamics Inc. remains optimistic about its prospects as it ramps up flat-rolled steel operations and prepares for the production of aluminum products next year. Executives from the Fort Wayne, Ind.-based steelmaker provided an update on the company’s operations on a conference call on Thursday held to discuss SDI’s third-quarter earnings results.
CMC earnings slide, but still near top mark
CMC Fourth quarter ended Aug. 31 2024 2023 Change Net sales $1,996.1 $2,209.2 -9.6% Net income (loss) $103.9 $184.2 -43.6% Per diluted share $0.90 $1.56 -42.3% Full year ended Aug. 31 Net sales $7,925.9 $8,799.5 -9.9% Net income (loss) $485.5 $859.7 -43.5% Per diluted share $4.14 $7.25 -42.9% (in millions of dollars except per share) […]
SDI posts lower Q3 profit, sees better times in ’25
Steel Dynamics Inc. (SDI) reported a drop in third-quarter profits driven largely by lower flat-rolled steel prices. The Fort Wayne, Ind.-based electric arc furnace (EAF) steelmaker also saw scrap prices slip. That happened because of softer demand from domestic mills taking planned maintenance outages.
Cliffs hosts fireside chat on industry, union, government collaboration
Cleveland-Cliffs’s Chairman, President, and CEO Lourenco Goncalves hosted a fireside chat with US Trade Representative Katherine Tai and Acting Secretary of Labor Julie Su on Friday at the company’s plate mill in Coatesville, Pa.
Nippon agrees to sell Calvert stake, if USS deal closes
ArcelorMittal is set to take full ownership of AM/NS Calvert if Nippon Steel finalizes its pending acquisition of U.S. Steel.