Steel Mills

US Steel Acquires Remaining Shares of Double Eagle Steel Coating
Written by Sandy Williams
June 2, 2015
US Steel has purchased the remaining AK Steel shares of its joint interest in Double Eagle Steel Coating Company. AK Steel acquired 50 percent of Double Eagle when it acquired the Severstal Dearborn operations in 2014.
With a payment of $25.2 million to AK Steel, US Steel now owns the 700,000 ton electrolytic-galvanizing line. The EGL line will become part of Great Lakes Works, providing customers in the automotive industry with world-class steel coated products for both exposed and unexposed applications. Utilizing the patented CAROSEL® process to electrolytically apply zinc to steel substrate, the EGL line at Dearborn is the exclusive North America finishing line capable of providing both EG (free zinc) or EGA (an iron/zinc alloy) coatings.
“Continuing investment into our operations to provide the highest quality product critical to our customers’ success directly supports U. S. Steel’s ongoing transformation journey,” said U. S. Steel’s President & CEO Mario Longhi. “We seek to create innovative solutions for our customers now and well into the future. By increasing our operational footprint at Great Lakes Works, we are creating special synergies with our automotive customers as they seek to reach critical safety and fuel economy standards.”
The EGL process fits in with US Steel’s joint venture PRO-TEC Coating Company, which produces strong, highly formable substrate, allowing Great Lakes Works to set the product standard for coated advanced high strength steels.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

U.S. Steel sues Algoma over iron pellet shipments
U.S. Steel is suing Algoma over the Canadian flat-rolled producer's rejection of iron pellet shipments, arguing it has breached its contract.

August US mill shipments slip but still higher than last year
The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.

TransPod, Algoma, Supreme Steel linkup anchors Canadian steel in high-speed transit build
The three Canadian companies have announced a strategic partnership to support the development of an ultra-high-speed transit line from Edmonton to Calgary.

Metallus, USW agree to tentative four-year labor deal
Metallus and the United Steelworkers (USW) have agreed to a tentative four-year labor contract.

ArcelorMittal Dofasco resumes cokemaking after emergency maintenance
The Canadian steelmaker reported on Sept. 30 that “urgent maintenance” was needed in its coke plant off-gas systems. The work required coke oven gas from the No. 2 coke plant to be flared for most of that week.