Steel Mills
US Steel Wants to Build EAF at Fairfield
Written by John Packard
February 4, 2014
Mario Longhi, CEO of U.S. Steel announced to those on the US Steel conference call that the company has started the process of replacing the existing blast furnace at the Fairfield, Alabama facility with a brand new electric arc furnace (EAF).
During the call, Mr. Longhi advised that the expect the permitting process to take 9-12 months. If approved, the expect construction could begin by the 3rd Quarter 2015 and would be completed by mid-2017.
The EAF would replace the sole blast furnace at the USS Fairfield facility which is capable of producing 6,000 tons a day or 2.19 million tons per year. The new EAF would have a capacity of 1.1 million tons which means the company anticipates eliminating 1.0-1.1 million tons of raw steel production at the Fairfield, Alabama facility. Even so, the company does not believe they will be giving up any customers in the process as they can be covered through other facilities. The company is currently running at 80 percent of capacity with their existing equipment.
The substrate coming off the new EAF would be focused on their pipe and tube operations.
Mr. Longhi believes the addition of the EAF would improve the company’s raw materials position and reduce their exposure to coke.
John Packard
Read more from John PackardLatest in Steel Mills
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.
Granite City Works must remain open and other terms of the Nippon-USS deal
SEC documents also name Trump specifically as having veto power certain decisions are part of the “Golden Share” provision.
USS shuffles some leadership roles after close of Nippon deal
USS shuffles leadership deck after deal closes with Nippon.
ArcelorMittal fires up steelmaking at Calvert mill
With the marking of the EAF’s first heat earlier this month, the mill has moved from a rerolling and finishing mill to a full steelmaking facility.