Steel Mills

Cliffs Signs Ore Agreement with AK Steel
Written by Sandy Williams
August 29, 2013
Cliffs Natural Resources announced Tuesday that it has entered a nine year agreement to provide iron ore pellets to AK Steel. The new agreement runs from 2014 through 2023. Cliffs will continue to supply AK Steel under its previous agreement from now until 2014.
The new agreement sets minimum and maximum volume purchases from Cliffs and provides a formula-based pricing mechanism where the annual price is adjusted to reflect iron ore pricing and producer price indices.
“We are pleased to announce this long-term supply agreement and the extension of the previous contract with our valued customer, AK Steel,” said Cliffs President Donald J. Gallagher. “Our U.S. Iron Ore operations will continue to be a reliable supplier of high-quality iron ore pellets to AK Steel for many years to come.”

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Algoma fires up EAF steelmaking with first arc
Algoma Steel reached a milestone in its transformation from blast furnace to electric arc furnace (EAF) steelmaking, with its Unit One EAF achieving its first steel production this week.

Nucor holds HR list price at $910/ton
Nucor is keeping its list price for spot hot-rolled coil unchanged after last week’s shortened holiday week.

Cliffs unveils new hydrogen-powered stainless line in Ohio
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.

Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.

Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.