• Skip to main content

    Market Segment

    June 6, 2014

    Severstal Begins Sale Process for Dearborn and Columbus Steel Mills

    Written by John Packard

    Steel Market Update sources confirmed that the two Severstal North America (NA) steel mills are for sale.  At 7.0 million tons of steelmaking capacity, Severstal NA is the fourth largest flat rolled steel producing mill in the United States.

    Rumors of the possible sale of the Dearborn and Columbus facilities had been circulating around the steel industry for a number of months. Earlier this week, Steel Market Update interviewed Saikat Dey, Severstal NA CEO and we asked him about the rumors of the mill being for sale. He responded that the company had “no comment” at that time.

    John Packard

    Read more from John Packard

    Latest in Market Segment

    ArcelorMittal sees N. American shipments flat in Q4 as Calvert ramps up

    ArcelorMittal expects North American steel shipments to be flat sequentially in the fourth quarter, as recovery from Canadian and Mexican disruptions is expected to be offset by normal seasonality and maintenance. The company reported third-quarter shipments of 2.645 million metric tons, down 6.6% sequentially but up 1% year over year (y/y). It attributed the shipment decline primarily to lower long product volumes. North America sales were nearly $3.7 billion in Q3’26, nearly level with the previous quarter but 11% higher y/y. Average selling prices rose 5.7% sequentially to $1,228 per metric ton (mt).

    Algoma lands record steel order for Seaspan icebreakers

    Algoma Steel has secured a contract to supply up to 24,000 metric tons of structural steel plate for Seaspan Shipyards’ Canadian Coast Guard icebreaker program. The agreement, valued at about $182 million Canadian, covers steel for up to six multi-purpose icebreakers, at ~4,000 metric tons per vessel. Algoma will produce the plate, with Stigterstaal Canada serving as the marine steel processing and distribution partner. The order is the largest polar-class steel order in Algoma’s history, according to the companies.