Steel Mills

USS's Mon Valley No. 3 BF to Remain Idled Until Market Improves
Written by David Schollaert
November 29, 2022
US Steel Corp. will keep the No. 3 blast furnace at its Mon Valley Works near Pittsburgh idled until market dynamics improve, a company spokeswoman confirmed to SMU. The blast furnace was originally taken offline on Aug. 30 for a month-long planned maintenance outage. The shotcrete (sprayed concrete) reline was completed on Saturday, Sept. 24. US Steel originally confirmed to SMU back in late September that, once the reline was completed, the blast furnace would remain idle. At that time, sources familiar with the matter told SMU the idling would be for a month or so in response to declining demand and market conditions. Downtime appears to have been extended with no set timetable for a restart. No. 3 has not been idled indefinitely. But the furnace will remain down as US Steel continues “to balance our production with our order book,” the spokeswoman said. In yesterday’s price hike letter, the Pittsburgh-based steelmaker said that it was raising its base pricing for all new flat-rolled product orders given that its order book for the balance of 2022 was complete. The spokeswoman added that the “planned maintenance on BF 3 was completed and the furnace is available for use.” There are no layoffs associated with the decision to keep the furnace offline, she noted. The Mon Valley Works has two blast furnaces: No. 1 and No. 3. The No. 1 furnace has a daily ironmaking capacity of approximately 3,200 tons. The No. 3 furnace has a daily capacity of approximately 2,900 tons. The furnaces are located at US Steel’s Edgar Thomson plant in Braddock, Pa. That facility makes slabs and rails them to the company’s Irvin Plant in West Mifflin, Pa., where they are rolled into sheet. By David Schollaert, David@SteelMarketUpdate.com

David Schollaert
Read more from David SchollaertLatest in Steel Mills

Ternium pushes forward with growth projects despite slump in earnings and Mexican market
Ternium S.A. Fourth quarter ended Dec.31 2024 2023 Change Net sales $3,876 $4,931 -21.4% Net income (loss) $333 $554 -39.9% Per diluted share $1.43 $2.11 -32.2% Full year ended Dec.31 Net sales $17,649 $17,610 0.2% Net income (loss) $174 $986 -82.4% Per diluted share $(0.27) $3.44 -108% (in millions of dollars except per share) While […]

Kestenbaum, Ancora state their case in proxy fight for U.S. Steel
Ancora Holdings is moving forward with its proxy fight to oust U.S. Steel’s leadership and install a new board of directors and Alan Kestenbaum as CEO.
BlueScope shelves midstream facility but still upbeat on US
BlueScope Steel is pulling back on its expansion plans in the US for now but remains optimistic about the North American market.

Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]

Trump says Nippon will ‘invest heavily’ in USS rather than buy it
Nippon Steel has agreed to “invest heavily in U.S. Steel as opposed to own it,” President Donald Trump said on Friday during a press conference with Japanese Prime Minister Shigeru Ishiba. U.S. Steel is “a very important company” and was once “the greatest company in the world”. Of potential foreign ownership of the Pittsburgh-based steelmaker, Trump said, “the concept, psychologically, not good."