Steel Dynamics Inc.’s flat-rolled steel mill in Columbus, Miss., is operating as usual after an unplanned outage in June on one of its electric arc furnaces (EAFs). The Columbus facility is “back up and running,” an SDI spokeswoman confirmed to Steel Market Update. The plant went down for a 10-day outage on June 20 after […]
Steel Dynamics Inc. (SDI) aims to be carbon neutral at its electric arc furnace (EAF) steel mills by 2050. The steelmaker has also set interim emissions reductions goals for 2025 and 2030. Namely, it plans to reduce combined Scope 1 and Scope 2 greenhouse gas emissions at its EAF mills by 20% by 2025 and […]
Cleveland-Cliffs has launched a cash-incentive program across all its facilities to encourage employees to get their COVID-19 vaccines. “The program works per site. The company will pay all vaccinated employees a cash bonus based upon the level of vaccination achieved by that site,” a Cliffs spokeswoman said. If 85% of workers at a given mine, mill or […]
Algoma Steel is slated to receive as much as C$420 million ($340 million U.S.) from the Canadian government to help pay for its switch from integrated steelmaking to electric-arc furnace (EAF) production. The amount will be distributed over four years and is aimed at making the Sault Ste. Marie, Ontario-based flat-rolled steelmaker one of the […]
Allegheny Technologies Inc. (ATI) and United Steelworkers (USW) union negotiators have reached a tentative four-year labor agreement, according to both the union and the company. The deal, if ratified by rank-and-file union members, would end a strike that began on March 30 – more than three months ago. The new contract – backdated to March […]
Steel Dynamics Inc. (SDI) is in the process of starting up the coating lines at its new steel mill in Sinton, Texas, a company spokesman confirmed. The paint line at Sinton has been threaded, and painting is expected to begin in approximately two weeks, he said. The mill’s galvanizing line, meanwhile, is slated to start […]
You’ll have to wait until the fourth quarter if you’re looking for flat rolled from California Steel Industries (CSI). The West Coast slab converter announced that it had closed its September order book on Thursday, July 1 – just a week after it opened the month and increased prices by $200 per ton ($10 per […]
ArcelorMittal wants to be carbon neutral by 2050, but reaching that goal will hinge on developing new ways to take fossil fuels – namely, coal and natural gas – out of the steelmaking process, a company executive said. It will also require that key technologies – carbon capture and storage (CCS), biofuels and other renewable […]
William K. Sales Jr., Reliance Steel & Aluminum’s executive vice president of operations, will retire in January 2022. In the meantime, Sales will work as a special advisor to the metals service center – North America’s largest – in a transition effective from Thursday, July 1. “On behalf of the entire Reliance team, I would […]
U.S. Steel is studying the possibilities for deploying carbon capture and storage (CCS) as well as hydrogen-based production as part of its efforts to decarbonize. The Pittsburgh-based steelmaker is doing so via a non-exclusive memorandum of understanding with a U.S. subsidiary of Norwegian energy company Equinor ASA. The effort will be centered in the Mon Valley […]
The dilemma is global warming, CO2 is just the proxy, Cleveland-Cliffs Inc. President and CEO Lourenco Goncalves said during the opening keynote speech at CRU’s Steel Decarbonization Strategies 2021 Virtual Conference. Cliffs’ top executive took a strong stance during his talk—which opened the first major event devoted exclusively to the topic of decarbonization in the […]
SSAB Americas President Chuck Schmitt joined SMU for a Community Chat webinar last week during which we talked plate, renewable energy and fossil-free steelmaking. We also got to some good questions from you about the hydrogen-based steelmaking SSAB is undertaking in Sweden through its HYBRIT partnership with iron ore miner LKAB and power producer Vattenfall. […]
SSAB Americas plans to take a three-week outage at its plate mill in Mobile, Ala., in late November and early December, a company spokeswoman said. No outage is planned at the steelmaker’s plate mill in Montpelier, Iowa, for the balance of the year, she added. SSAB Americas – and subsidiary of Swedish steelmaker SSAB – […]
Cleveland-Cliffs Inc. plans to take a 45-day maintenance outage at the big No. 7 blast furnace at its Indiana Harbor steel works in East Chicago, Ind., a company spokeswoman said. The planned outage, for a partial reline of the furnace, is scheduled to start on Sept. 1, she said. The No. 7 furnace has capacity […]
Worthington Industries, Inc., reported net sales for the fourth quarter of fiscal 2021 totaling $978.3 million, a 60% increase over the comparable quarter in the prior year. The increase was driven by overall volume improvements in both Steel Processing and Pressure Cylinders and higher average direct selling prices in Steel Processing, the company said. “We […]
Steel Dynamics Inc. (SDI) is making repairs after an unplanned outage at an electric-arc furnace (EAF) at its flat-rolled steel mill in Columbus, Miss., according the company’s top executive. The outage, which occurred last weekend, is expected to result in approximately 10 days of lost production, or about 25,000-30,000 tons of hot metal, SDI President […]
California Steel Industries (CSI) has opened its flat rolled order book for September. The West Coast slab converter also has increased prices by approximately $200 per ton ($10/cwt), according to market participants. “The purpose of this letter is to inform you that CSI’s September flat rolled order book is now open,” the company said in […]
SSAB Americas aims to increase plate prices by another $50 per ton ($2.50 per cwt) – just days after lifting tags by $100 per ton. The latest increase is effective immediately on all non-contract orders, and it means SSAB’s prices are up $150 per ton within a span of only three days. The latest increase […]
The Ashland Works steel mill is coming down after operating for the better part of 100 years on the Ohio River. Cleveland-Cliffs Inc. confirms that it will demolish the idled Kentucky mill that it acquired from AK Steel in 2019. Although there were initial discussions about restarting the mill to produce pig iron, ultimately the […]
USS-POSCO Industries has officially changed its name to USS-UPI, LLC. The West Coast subsidiary of Pittsburgh-based U.S. Steel said the change means its email domain is switching from ussposco.com to ussupi.com. “This transition period will occur over the next few months,” the company said in a letter to customers on Friday, June 18. USS-UPI also […]
Algoma Steel recouped its losses from Q3 FY 2021 to report net income of $91.5 million ($114 million CAD) for the fourth quarter of its fiscal year. Third quarter’s loss totaled $59 million ($73.5 million CAD); net income of $15.2 million ($19 million CAD) was reported in Q4 2020. In a report issued June 17, […]
Evraz North America aims to resume steelmaking operations at its mill in Pueblo, Colo., the week of June 21, a company spokesman said. Rolling operations are likely to restart shortly thereafter, he said. An explosion at the Pueblo steel mill in late May disrupted production and resulted in eight people being injured, three critically. Seven […]
Commercial Metals Company posted record earnings of $130 million on net sales of $1.8 billion in the third quarter of FY 2021. Results were the best the company has achieved in its 106-year history. “CMC achieved exceptional results during the third quarter,” said Chairman, President and CEO Barbara Smith. “Demand for our products was robust […]
It is a good time to be a steel producer. Both Steel Dynamics and Nucor are expecting record earnings for the second quarter of 2021 supported by strong demand and unprecedented steel prices. And U.S. Steel expects second quarter adjusted EBITDA more than double that in the first. SDI expects earnings to be in the range […]
Cleveland-Cliffs increased its second-quarter and full-year 2021 guidance in an announcement on Tuesday. Second-quarter adjusted EBITDA is projected at $1.3 billion and full-year 2021 at $5 billion. The increase is based on current contracts and assumes that the U.S. HRC price index will average $1,176 per net ton for the remainder of the year. The […]
SMU caught up with Ternium CEO Máximo Vedoya about the Latin American steelmaker’s plans for its new, $1.1-billion hot strip mill in in Pesquería, just outside of Monterrey, Mexico. The new mill – also known as #4 Pesqueria – sports capacity of 4.4 million tons per year. It rolled its first coils in May and Vedoya […]
The Tenaris melt shop in Koppel, Pa., is fired up and underway after a $15-million, year-long upgrade. It will soon supply steel bars for the company’s seamless pipe mills in the U.S. and Canada. The facility is Tenaris’ first U.S. melt shop and was part of the 2020 acquisition of TMK IPSCO. The upgrade expanded […]
Worthington Industries has acquired certain assets of Shiloh Industries’ U.S BlankLight® business for $105 million. The deal expands Worthington’s capacity and capability with the addition of three facilities, located in Ohio and Michigan, to the company’s laser-welded products joint venture, TWB Company LLC. A fourth facility in Kentucky will operate under Worthington’s Steel Processing business, expanding […]
U.S. Steel wants to make Big River Steel the leader in non-grain-oriented electrical steels (NGOES). To that end, the Pittsburgh-based integrated steelmaker will invest $450 million at Big River’s steel mill in Osceola, Ark., to target the growing demand from the electric vehicle market. Funded entirely from cash generated at Big River, the NGOES expansion […]
United Steelworkers at ArcelorMittal Mines and Infrastructure Canada have ended their strike and ratified a new four-year labor contract with the company. “We are happy to turn the page on this conflict. The past few weeks have been a time to pause and start anew. We look forward to welcoming back our employees, and I […]