Steel Mills
Big River Steel Says "No" to Nucor Federal Challenge
Written by Sandy Williams
November 29, 2014
Big River Steel has asked a federal court to block the Clean Air Act challenge mounted by Nucor last August. In a court filing on Friday, Big River Steel said the challenge is a “collateral attack” by Nucor. Big River Steel received the necessary permits from the Arkansas Department of Environmental Quality (AEDQ) to build the Osceola steel mill after Nucor lost their challenge in the Arkansas state court.
Nucor continues to assert that Big River Steel has violated the Clean Air Act and operation of the new mill will harm the region’s air quality and sicken Nucor employees. Nucor is pressing claims under the laws “citizen suit” provision.
Big River has responded “Every court to have considered a claim like Nucor’s has concluded that (the Clean Air Act) does not authorize suit where construction activity is in accordance with a permit issued by an authorized permit-issuing authority.”
“The question for this Court is whether Congress intended for (the) Clean Air Act … to authorize dissatisfied litigants, like Nucor, to run to federal court to challenge” the permit, said Big River Steel in Friday’s court filing. “Big River Steel respectfully suggests that the answer is ‘No.'”
Big River Steel broke ground for the new mill in September, 20 miles from Nucor-Yamato Steel, and anticipates initial production in 2016. Big River Steel expects to be major U.S. producer of pipe and tube as well as specialty products like advanced high strength steels used in automotive manufacturing. The flat rolled electric arc furnace mini-mill, to be constructed in Osceola, Arkansas, will have a capacity of 1.6 million tons annually.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Cliffs steadfast in commitment to Middletown decarb project
Cleveland-Cliffs Inc. on Monday reiterated its commitment to a major decarbonization project at its Middletown Works in Ohio, despite an earlier report suggesting otherwise.
Nucor expects lower steel prices to drive Q3 earnings decline
Nucor blamed lower steel prices for weaker third-quarter results in earnings guidance released on Tuesday.
SDI guides toward lower Q3 earnings on weaker flat-rolled steel prices
Steel Dynamics Inc. (SDI) expects lower third-quarter earnings on the heels of “meaningfully lower” prices at its flat-rolled steel operations. The Fort Wayne, Ind.-based steelmaker expects Q3’24 earnings of $1.94 to $1.98 per diluted share, according to figures released on Monday. That’s down from $2.72 per share in Q2’24 and down from $3.47 per share in Q3’23.
Stelco shareholders OK $2.5B sale to Cliffs
Stelco shareholders voted overwhelmingly on Monday to OK the $2.5-billion sale of the Canadian flat-rolled steelmaker to Cleveland-Cliffs. Indeed, 99.97% of those who cast ballots voted to approve the deal, according the Hamilton, Ontario-based steelmaker.
White House may delay decision on USS-Nippon deal until after election: report
The White House decision on blocking Nippon Steel’s play for Pittsburgh-based U.S. Steel might be pushed back until after the upcoming presidential election, according to a report in the Washington Post.