U.S. Steel expects another loss in the third quarter of 2020, but not as deep as in the second quarter. The steelmaker anticipates a $100 million adjusted EBITDA loss for the quarter compared to a loss of $264 million in Q2. The flat rolled segment is expected to be negative, but “significantly better” than Q2. Order […]
Steel Dynamics Inc. is expecting third-quarter 2020 earnings to be slightly better than the previous quarter due to stronger results from recycling and steel fabrication operations and lower costs associated with construction of the new mill in Sinton, Texas. Steel operations earnings are expected to be lower in the third quarter. The division experienced metal […]
Paragon Steel has broken ground on a 43,000-square-foot addition to one of its two plants in Butler, Ind., on the campus of Steel Dynamics Inc. The $8.3 million expansion will house a new high-performance Braner/Loopco slitting line that will give the service center the capability to process next-generation, high-strength steel grades. The automated triple-turret-head slitting […]
Safety protocols and measures were deployed at AM/NS Calvert as Hurricane Sally made its way across the Gulf Coast this week. ArcelorMittal anticipates a two-day outage as result of difficult conditions in the communities surrounding the facility. “Our thoughts and prayers go out to our workforce, their families and communities that may be impacted by […]
Demand and pricing improved late in the third quarter, said Nucor in earnings guidance issued Thursday. Continued resiliency of the nonresidential construction market has resulted in a strong performance for Nucor’s downstream products. Steel segment earnings are expected to be similar to second quarter. Nonresidential construction is also benefiting Nucor’s bar and structural mills, but market conditions […]
JSW Steel USA will idle its Baytown, Texas, plate mill, citing recent changes to quotas of semifinished steel imports from Brazil. “While on the journey to becoming a ‘melted and manufactured in the USA’ company, JSW utilized the imported slab quota system put in place by the administration to support operations at our Baytown, Texas, […]
Canadian steel producer Stelco Holdings is nearing the finish line on its comprehensive blast furnace upgrade and reline project at Lake Erie Works in Nanticoke, Ontario. The project is current on budget and on schedule for completion in early October 2020. The upgrades will create “what we believe will be the first smart blast furnace […]
The global steel industry is one of the biggest culprits in the climate change debate, responsible for some 7 percent of harmful carbon dioxide emissions each year. Every ton of steel produced in 2018 released 1.85 tons of carbon into the atmosphere. Thus the steel industry is under enormous pressure to reduce its carbon footprint. Fortunately, […]
U.S. steel mills have numerous maintenance outages planned between now and the end of the year. The list below was compiled from anecdotal reports from service centers, as mills usually don’t comment on such outages for competitive reasons. These outages are generally routine and short of duration. Individually, they are unlikely to have much impact on […]
By CRU Research Manager Paul Butterworth, from CRU’s Steel Raw Materials and Steel Costs CRU price and cost forecasts suggest that the steel sector generally will return close to steady-state, or “through-cycle,” levels of profitability over the five-year forecast period. However, as our analysis highlights, steady-state profitability of individual steel mills has varied widely in […]
Nucor’s Plate Group announced a new minimum base price yesterday “to provide an increased level of clarity and transparency to our plate product pricing.” The company added: “This price change reflects continued increases in input costs and changing market dynamics.” Effective immediately, Nucor’s new minimum base price is $29.50/cwt ($590 per net ton), freight included. […]
The strike by United Steelworkers Local 1016-03 at NLMK Pennsylvania is in its second week. NLMK issued a press release on Tuesday addressing some of the questions the public has asked regarding operations and negotiations. The facility in Farrell continues to operate, manned by salaried employees. The company is finishing production of coils that were […]
An issue at the #3 blast furnace at U.S. Steel’s Edgar Thomson Plant at Mon Valley Works resulted in an unplanned outage on Tuesday. The furnace suffered a mechanical failure of its top charging equipment. Repairs are under way and expected to be completed in about one week, the company said. A spokesperson for U.S. […]
Congratulations to Majestic Steel USA for being honored with its 14th NorthCoast 99 Award, which ranks Majestic among the top 99 workplaces for top talent in Northeast Ohio. NorthCoast 99 winners participated in a rigorous application process that asked for detailed information on how their organization addresses top-performer attraction, development and retention in the following areas: […]
The galvanizing line at Big River Steel’s mill in Osceola, Ark., will be down from 10-14 days for repairs following an electrical failure on Sunday. The company said it will continue to meet customer needs despite the unplanned incident. Big River Steel confirms that its electrical energy provider, Entergy Arkansas, experienced a substation failure on […]
Six months of adversity was not what Leon Topalian expected when he took over the reigns of Nucor in January. But a pandemic that devastated the economy, caused demand and pricing to plummet and put the very lives of employees in jeopardy was a formidable challenge to overcome. “I’m not sure I’ve seen before in […]
ArcelorMittal Global Research and Development in East Chicago was awarded two High-Performance Computing for Manufacturing Program (HPC4Mfg) grants from the Department of Energy. The grants are part of $3.3 million in federal funding for 11 manufacturing and materials projects focused on solving technical challenges in manufacturing and materials development in the U.S. “These awards from […]
A strike at NLMK Pennsylvania turned ugly last week when a news reporter was thrown into the street by picketers while trying to take photos. While likely a one-off incident, the confrontation highlights the tension among workers trying to negotiate a contract during a time of economic uncertainty. “We understand emotions can run high on […]
California Steel Industries has appointed Shinji Tanaka as President and Chief Executive Officer. He will replace Marcelo Botelho Rodrigues who completed his four-year term on Aug. 1, 2020. Tanaka joined CSI in January 2020 as the Executive Vice President of Engineering and Continuous Improvement following a 21-year career at JFE Steel in Japan. At JFE […]
A threatened strike at NLMK Pennsylvania became reality on Saturday when United Steelworkers at the company’s Farrell, Pa., plant walked off the job over what they claim are unfair labor practices. Local 1016-3 gave NLMK management a 48-hour strike notice on Friday, Aug. 20. Months of labor negotiations between management and the union deteriorated over a proposed healthcare […]
China’s July crude steel output jumped 1.9 percent from June and 9.1 percent from a year ago to 93.36 million metric tons, according to the National Bureau of Statistics. Steel demand rallied after declining during the pandemic-induced shutdowns and is now benefiting from Chinese stimulus measures that include infrastructure building and housing construction. Average daily […]
Algoma Steel has been awarded a $4 million grant to upgrade its equipment to reduce greenhouse gas emissions. The funding was provided by Canada’s Low Carbon Economy Fund and will be used to improve both the tar-removal and light-oil-recovery areas of its coke-making plant in Sault Ste. Marie, Ontario. This process will not only help […]
North Star BlueScope, the Ohio subsidiary of Australian steelmaker BlueScope Steel Ltd., operated at over 90 percent capacity during the second half of FY 2020 despite auto demand plunging to zero during the last quarter of its fiscal year. The “ability to pivot to other end markets” kept shipment levels almost steady with the first […]
Canadian steel producer Stelco reported stronger sales in the second quarter despite market headwinds, posting revenue of $411 million. Net income was nil compared to a net profit of $1 million in Q2 2019 and a net loss of $24 million in Q1 2020. Adjusted net income was $10 million, up from $6 million a […]
ArcelorMittal announce plans to build an electric arc furnace steelmaking facility at AM/NS Calvert. When completed the facility will have the capability of producing 1.5 million metric tons of steel slabs for Calvert’s hot strip mill as well as producing a wide variety of steel grades for end-users. “An electric arc furnace at Calvert makes […]
Samuel Roll Form Group, a division of Samuel, Son & Co., is expanding operations at its Iuka, Miss., facility and adding 30 jobs. “Our team is very excited about Samuel’s investment in Iuka. The additional 67,000-square-foot process bay will accommodate a number of additional rolling mills and complementary steel fabricating equipment,” said Samuel Roll Form […]
Canadian-based Nova Tube & Steel says it will delay construction of its new pipe and tube steel plant in Delta, Ohio, until next year. The company plans to build a $70 million facility that will produce structural tubing. Construction was originally scheduled to begin on May 1 of this year, but was delayed due to […]
Commercial Metals Company, a long products producer, is adding a third micro mill that will make merchant bar quality products through a continuous production process that will utilize renewable energy. “We are excited by the tremendous promise of CMC’s third micro mill. This is a smart growth initiative that feeds the large underlying West Coast […]
Alliance Steel looks forward to hosting an open house later this month to show off its impressive new service center in Gary, Ind. No doubt the coronavirus will have a presence at the event, where Alliance personnel will pass out masks and hand sanitizer along with drinks and hors d’oeuvres. Indeed, COVID has been an […]
JSW Steel plans to accelerate its plans to overhaul its U.S. facilities in Ohio and Texas. Both plants have been idled due to weak demand and pricing resulting from COVID-19 impacts. The plant in Mingo Junction, Ohio, will receive an upgrade to its 1.5-million-ton capacity electric arc furnace and is expected to restart production in […]