Former Big River Steel chief commercial officer Keith Shuttlesworth has left the company, according to market participants. U.S. Steel declined to confirm Shuttleworth’s departure, noting that it does not per policy comment on personnel matters. “From the beginning of Big River Steel becoming a part of U.S. Steel, the management of both companies has been […]
U.S. Steel has repaired a broken pipe that led to a brief outage at its Edgar Thomson Plant in Braddock, Pa., company officials said. And both of the mill’s blast furnaces are back online, a U.S. Steel spokeswoman told Steel Market Update on Thursday, April 8. “We do not expect any impact on customer deliveries,” […]
U.S. Steel’s Edgar Thomson Plant in Braddock, Pa., has been hit by an unplanned outage stemming from a burst water main, according to sources familiar with the matter. Crews have been working to repair the issue at the Pittsburgh-area steel mill since approximately 2:30 a.m. ET on Tuesday, April 6, they said. U.S. Steel, which is […]
The Steel Dynamics Foundation has pledged $1.5 million to Trine University in Angola, Ind., to be used toward the expansion of the university’s engineering facilities. The new 40,000-square-foot expansion will be named the Steel Dynamics Inc. Center for Engineering and Computing. “The continual growth of our business requires a ready supply of well-trained engineers, and […]
Cleveland-Cliffs has restarted the blast furnace at its Middletown Works in Ohio, a company spokeswoman said. The Middletown furnace returned to operation over the weekend after two weeks of preventative maintenance. “As in all planned outages of this nature, ahead of the stoppage we positioned our work-in-process and finished goods inventory in proper shape. By […]
The United Steelworkers (USW) union has gone on strike at nine Allegheny Technologies Inc. (ATI) facilities. The strike started at 7 a.m. ET on Tuesday, March 30, over what the USW contends are “unfair labor practices.” The union represents approximately 1,300 workers at ATI, and it says they have not had a wage increase since […]
The United Steelworkers (USW) union has informed Allegheny Technologies Inc. (ATI) that it will go on strike beginning on Tuesday, March 30. “We have provided the (strike) notice to ATI to ensure an orderly and safe shutdown of the equipment and facilities,” the union said in a bargaining update on Friday, March 26. The USW […]
Tenaris plans to add 140 employees at its Conroe, Texas, pipe plant to operate the heat treatment and finishing areas of the facility. The additional staff is needed to support processing loads from the Bay City seamless mill as it returns to full capacity. A $600,000 technology investment is underway at Conroe that will provide […]
U.S. Steel introduced a new sustainable product line, verdeX, at the Ceres Conference 2021 last week. The advanced high-strength steel can be produced with only one-fourth of the carbon dioxide emissions previously required, the company claims. “We know that the urgency of the climate crisis requires more from all of us,” said U S. Steel […]
Nucor plans to build a new tube mill at Nucor Steel Gallatin in Kentucky. The tube mill will have the capacity to produce approximately 250,000 tons of hollow structural section (HSS) steel tubing, mechanical steel tubing and galvanized solar torque tube. The mill will be advantageously near to growing solar markets and the largest consuming […]
Steel Dynamics Inc. has overcome an environmental hurdle at its Sinton, Texas, steel mill with a new agreement concerning wastewater discharge from the facility. Environmentalists, led by the Aransas Project, opposed the wastewater permit for the facility, fearing that discharge water from the mill would contain too much metal and endanger the winter habitat of […]
Worthington Industries completed a successful third quarter in FY 2021, shed underperforming businesses, and now looks forward to accelerating strategic growth initiatives. “Our fiscal third quarter was a record financial performance,” said CEO Andy Rose. “We faced some lingering operational challenges including steel supply shortages, staffing issues related to COVID quarantines and some extreme weather, […]
California Steel Industries (CSI) has closed its June flat rolled order book just a week after opening it. “We want to thank you for your continued support during these difficult times. … We will contact you when we open the flat rolled order book for July,” CSI said in a letter to customers dated Wednesday, […]
Nucor has signed its second Virtual Power Purchase Agreement with another Texas energy provider. The 10-year VPPA with Ørsted Onshore North America, LLC, for 100 megawatts from Ørsted’s Western Trail wind farm adds to Nucor’s commitment to clean, renewable energy, the company said. In November, Nucor signed a VPPA with EDFR Renewables North America as […]
JSW Steel USA’s electric-arc furnace (EAF) and slab caster are up and running, but the company has decided to keep the plant’s hot strip mill idle, a company spokesman said. JSW’s Mingo Junction, Ohio, flat-rolled steel mill will make slabs and will “continue with outside tolling,” he added. “Right now, the hot strip mill is […]
Canada-based Nova Steel plans to move forward on construction of a new pipe and tube steel plant in Delta, Ohio. Originally slated to begin construction in May 2020, the project was delayed due to the COVID-19 crisis. The facility will be located in proximity to North Star BlueScope and will utilize steel coil from the […]
Labor talks between Allegheny Technologies Inc. (ATI) and the United Steelworkers (USW) continue – although the union has suggested the two sides are at loggerheads. The two parties most recently exchanged contract proposals on Thursday. And while USW members authorized a strike on March 5, they continue to report to work in the meantime, an ATI […]
The U.S. steel market could lose one million tons of production in the months ahead because of several lengthy blast furnaces outages, and the volume of iron and steel impacted could be well over one million tons when shorter-duration electric-arc furnace (EAF) and hot strip mill outages are considered. The issue is particularly relevant because […]
AM/NS Calvert will take an approximately four-day planned outage on its hot strip mill and an approximately seven-day outage on the facility’s pickle line in May, according to sources familiar with the matter. Steel Market Update had previously reported that the Alabama steel mill would take an outage in May. The latest information provides greater […]
Commercial Metals Co. achieved a strong second quarter in its 2021 fiscal year despite a challenging period beset by rising scrap costs and weather disruptions. Earnings from continuing operations totaled $66.2 million on net sales of $1.6 billion. Shipments of finished steel totaled 1.44 million tons, the steelmaker reported. CMC Chairman, President and CEO Barbara […]
Steel Dynamics Inc. forecast higher first- and second-quarter results, fueled by strong shipments and record steel prices, according to guidance issued Wednesday. “First-quarter 2021 profitability from the company’s steel operations is expected to be significantly higher than sequential fourth-quarter results, driven by flat roll metal spread expansion, as strong demand continues to support flat roll steel prices,” […]
California Steel Industries (CSI) has opened its June flat rolled orderbook, and the West Coast slab converter has also increased prices by as much as $90 per ton ($4.50/cwt), according to market participants. “The purpose of this letter is to inform you that CSI’s June flat rolled orderbook is now open,” the company said in […]
NLMK USA has slated an approximately one-week maintenance outage in June on the melt shop and hot strip mill at its facility in Portage, Ind., a company official confirmed. The plant-wide outage is for routine semi-annual maintenance and “isn’t a big deal,” said NLMK USA Executive Vice President James Banker. The Portage electric-arc furnace (EAF) […]
Nucor expects first-quarter 2021 earnings to be the highest quarterly profits in the company’s history, surpassing the previous record set in the third quarter of 2008. Earnings are expected to be in the range of $3.00 to $3.10 per diluted share. Strong steel demand and pricing are generating record results in the steel mills and […]
Steel Dynamics Inc. announced several management promotions. Named to Vice President were Jordan Breiner and William T. Scruggs, while current Vice Presidents Jeff Hansen and Richard Poinsatte will take on additional responsibilities for the Indiana-based steelmaker. Breiner has been promoted to Vice President of Steel Dynamics in addition to his role as General Manager of […]
U.S. Steel expects a solid first quarter thanks to firm demand and as record high flat-rolled steel prices flow through to its bottom line. “Strong market conditions and our well-timed acquisition of Big River Steel are allowing us to drive significant earnings growth,” U. S. Steel President and Chief Executive Officer David B. Burritt said […]
AM/NS Calvert has a planned maintenance outage coming up, a company spokeswoman confirmed. The outage is expected to take place in May on the Alabama steel mill’s hot-strip mill, market participants said. The spokeswoman did not confirm when the outage would take place or on what part of the mill repairs or upgrades would be […]
Nucor’s tubular products group aims to increase prices for hollow structural sections (HSS), mechanical tubing and piling product by $125 per ton ($6.25/cwt) effective immediately. “The increase is a result of rising raw material costs, strong demand and (the) volatility of transportation costs,” the steelmaker said in a letter to customers on Thursday, March 11. Nucor […]
Ternium plans to start up its new hot-strip mill in Pesquería, outside of Monterrey, Mexico, in early June, according to market participants. The development has allowed the Latin American steelmaker to take June orders for customers in the U.S, sources said. Those tons from will be rolled from Ternium’s existing hot-strip mills, something that is […]
Nucor today announced board approval to build a tube mill in the Midwestern U.S. The $164 million project will be completed within two years and will capitalize on Nucor’s recent Midwest investments that include a plate mill, galvanizing line and hot roll expansion. A specific location for the new plant was not provided, but sources expect […]