Steel Products Prices North America
Champion Iron Resumes Rail Service, Expects Delays in Sales
Written by Laura Miller
June 14, 2023
The forest fires raging in Canada caused rail interruptions for Champion Iron last week. With the fires now subsiding in the area, the company reports a resumption in rail services between its Bloom Lake mine and the port of Sept-Îles on the Gulf of St. Lawrence in Quebec.
Mining activities continued at Bloom Lake while rail services were suspended, and thus the operation now has a stockpile of iron ore concentrate, Champion said in a press release.
“Following the gradual ramp-up in capacity of the railway and limited additional availability of rolling stock to accommodate excess volumes beyond Bloom Lake’s production capacity,” the Montreal-based company says to expect delays in sales of concentrate from the operation.
Champion’s subsidiary Quebec Iron Ore Inc. operates the open-pit Bloom Lake Mining Complex in Quebec. Its two concentrators, ran primarily by hydroelectric power, have a combined annual capacity of 15 million tons of iron ore concentrate.
By Laura Miller, laura@steelmarketupdate.com
Laura Miller
Read more from Laura MillerLatest in Steel Products Prices North America
Nucor holds the line on published HR spot price
The steelmaker has kept its weekly consumer spot price for hot-rolled steel sheet unchanged since Nov. 12.
Nucor’s HR spot price unchanged for 5th week
Nucor’s weekly spot price for hot-rolled (HR) coil will remain at $750 per short ton (st) for a fifth week.
SMU price ranges: Market stable amid post-Thanksgiving glut
Steel sheet prices remain at or near multi-month lows, while plate prices continue edging lower from their mid-2022 peak.
Nucor again holds HR spot price at $750/ton
For the fourth week in a row, Nucor will keep its published spot price for hot-rolled (HR) coil unchanged.
SMU Community Chat: Timna Tanners on ‘Trumplications’ for steel in 2025
Wolfe Research's Managing Director Timna Tanners discusses the 'Trumplications' for steel in the coming year in this week's SMU Community Chat.