Market Segment

Tubular Operations Idled at US Steel and Republic Steel in Lorain
Written by Sandy Williams
March 7, 2016
US Steel’s Lorain Tubular steel operations will be idled beginning March 27. The plant is expected to remain down for an unspecified time period until order books improve.
US Steel spokesperson Sarah Casella said, “We continue to adjust operations at Lorain to meet customer demand.”
The sprawling steel complex in Lorain workers includes both US Steel and Republic Steel. Both have been hit hard by the downturn in the oil and gas industry.
Republic Steel’s Lorain plant has been running at 30 percent capacity after shutting down the EAF and casters in July. The remaining Lorain operations are expected to be idled by the end March, laying off about 200 workers.
United Steelworkers Local 1104 president Dennis Hamilton said union officials were informed of the Republic Steel layoffs last Thursday and do not know when the plant will resume operations
Republic President and CEO Jaime Vigil said in a memo to salaried employees, “Both mills have been operating at extremely low production levels due to the depressed energy and mining markets combined with unfairly traded imports, and there appears to be little prospect for the market to significantly improve in 2016.”
Sandy Williams
Read more from Sandy WilliamsLatest in Market Segment
Leibowitz: Is the China truce real or a Band-Aid?
US President Donald Trump and Chinese President Xi Jinping on Thursday had a much-anticipated meeting. Is it only a hiatus in the trade war, or did it really change the situation? I suspect the former, I but hope for the latter.
Nucor targets ‘white hot’ data center boom
With infrastructure demand shifting toward digital capacity, Nucor Corp. is positioning itself as the go-to steel supplier for the data center boom.
Gerdau’s N. American earnings rise in Q3 due to fall in imports
Gerdau’s North American profits rose in the third quarter, boosted by a decline in imports due to Section 232 steel tariffs.
Ternium swings to Q3 loss, eyes 2026 recovery
Ternium closed the third quarter with steady shipments and improving margins. But trade policy uncertainty and subdued demand in Mexico weighed on the Latin American steelmaker’s results.
SMU Mill Order Index fell in September
SMU’s Mill Order Index declined in September after repeated gains from June through August. The shift came as service center shipping rates and inventories fell.
