Steel Mills
Construction of US Steel's EAF Postponed
Written by Sandy Williams
December 22, 2015
US Steel Corp announced it will postpone construction of the electric arc furnace at its Fairfield Works operation in Alabama due to “continued challenging market conditions in both the oil and gas and steel industries.”
The $230 million EAF was scheduled for completion next year, giving US Steel the flexibility of its first EAF. The furnace was expected to have an annual capacity of 1.6 million net tons and would use scrap metal instead of iron ore.
US Steel cited as reasons for the postponement, oil prices that hit an eight year low in December as well as continued high levels of imports that have resulted in low steel pricing.
In November, when reporting third quarter results, the company cut its EBITDA forecast for 2015 to $225 million due to weak market conditions.
US Steel said the delay in construction of the EAF will not impact customers. US Steel will continue to operate the Fairfield pipe mill, and its steelmaking operations in Indiana, Michigan and Pennsylvania. Fairfield’s #5 coating line and the Double G hot-dip galvanizing joint venture in nearby Jackson, Miss. will continue to operate.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.
ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.
Ternium posts solid Q2, expects further shipment growth
Latin American steel producer Ternium delivered a solid performance in the second quarter of 2025. Performance was driven primarily by higher realized steel prices in Mexico, even as shipment volumes declined slightly across its regional portfolio.
Algoma swings to loss on ‘unprecedented disruptions’ and trade barriers
Canada’s Algoma Steel saw a sharp loss in the second quarter amid a continued challenging market environment and “tariff uncertainties.”
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.