Steel Mills

AM/NS Calvert Production up 30%
Written by Sandy Williams
August 3, 2014
AM/NS Calvert production continues to increase with the hot mill running at 83 percent utilization in June. Initial slab shipments from ArcelorMittal Tubarao and ArcelorMittal Mexico were received in second quarter and are currently in trials.
ArcelorMittal is still determining what the final split will be on shipments from the two mills to the US—Tubaro slabs are better suited for automotive applications while the Mexican slabs are better suited for energy. Both are key to production at Calvert said Lou Schorsch, CEO of ArcelorMittal Americas during the ArcelorMittal conference call.
“I think a rough assumption would be about 1 million tonnes for each of those two operations. And, again, we’re probably at 80% of that now through the rest of this year,” said Schorsch.
“And maybe just to complete on Calvert,” said CEO Lakshmi Mittal, “generally in the second quarter and for the rest of the year, we are producing at a level which is about 30 percent higher than last year. So, in terms of carbon steel, we should do almost 800,000 tonnes to 900,000 tonnes more than Calvert did in 2013.”
CalvertAM/NS has achieved approval on 143 of the 163 identified automotive qualification packages.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Nucor eyes long-term gains amid strong demand and trade enforcement
Resilient demand across its steel product lines, combined with the continued ramp-up of key expansion projects, drove Nucor’s improved financial results and record-setting performance in the second quarter. That’s according to company executives speaking on an earnings conference call on Tuesday.

Three independent, new directors join USS board
U.S. Steel (USS) appointed three new, independent US members to its board of directors, the company announced.

Nucor reports improved earnings, sales, and operating rates
Nucor reported a sharp sequential rebound in the second quarter, buoyed by improved pricing and strong shipments. But the steelmaker is bracing for a modest slowdown in the months ahead.

Cliffs confirms Cleveland furnace restart, Dearborn furnace idling
Cleveland-Cliffs is idling blast furnace, BOF shop, and continuous caster functions at its Dearborn plant, but downstream operations will remain unaffected, the company confirmed. Cliffs said its pickling line tandeom cold mill (PLTCM) and its extra wide automotive-grade galvanizing line for exposed parts will continue operations at the Dearborn, Michigan-based facility.

Nucor spot HR list price unchanged at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil flat this week, following a price cut the previous week.