Steel Mills

AK Steel Announces $20 Price Increase
Written by John Packard
October 28, 2014
AK Steel became the first mill since mid-August 2014 to announce an increase on flat rolled steel products. This evening AK Steel advised through a press release (which is normal for them) the following:
WEST CHESTER, OH, October 28, 2014 — AK Steel (NYSE: AKS) said today that it will increase current spot market base prices for all carbon flat-rolled steel products by a minimum of $20 per ton, effective immediately with new orders.
At the time of the announcement, Steel Market Update had just updated our hot rolled average price to $630 per ton ($610-$650 per ton range).

John Packard
Read more from John PackardLatest in Steel Mills

AHMSA opens doors to potential buyers as $1.3B asset auction nears
AHMSA is opening its doors to potential buyers to tour its steel plant and mining operations in northern Mexico in preparation for the next stage of its bankruptcy process: the auction of its assets.

USW seeks clarity on USS plans for Granite City Works
The United Steelworkers union has asked U.S. Steel to elaborate on its Granite City Works plans following reports that the steelmaker is ending processing at the facility.

Nucor maintains plate prices, opens October order book
Nucor aims to keep plate prices flat for a seventh straight month with the opening of its October order book.

ArcelorMittal Mexico to import from sister mills as it works to resume DRI production
ArcelorMittal has partially restarted operations at its direct reduction plant in Lazaro Cardenas, Michoacan. An explosion on Aug. 18 rocked the massive steelworks on Mexico’s Pacific coast, impacting production of direct-reduced iron (DRI).

Fall maintenance outages are coming in hot
Labor Day has passed, the sun is starting to set a little earlier each day, and cooler weather has begun to find its way down to many of us across North America. And you know what that means for the steel industry… Fall maintenance outages!