Steel Mills
EVRAZ NA Q3 Production Stats
Written by Sandy Williams
October 19, 2016
EVRAZ North America increased third quarter crude steel production 5.7 percent to prepare for scheduled maintenance outages at its Regina and Pueblo mills. Regina will be out for three weeks for upgrades to the steelmaking and rolling mills while Pueblo is scheduled for a two week maintenance outage.
Flat rolled production dropped 25.7 percent in Q3 as service centers responded to weak demand with lower inventory levels.
Output for tubular production fell 12.5 percent in third quarter compared to second due to pipeline delays and low oil prices.
Construction output fell 14.7 percent quarterly as demand for rod and bar weakened. Rail production increased 12.1 percent in third quarter after a maintenance outage at the end of second quarter affected volumes.
Scrap and other input prices resulted in lower prices for construction and tubular products in the third quarter, said EVRAZ. Flat rolled product pricing increased, however, as a result of peaking plate prices in July as volume rose.
(Charts from EVRAZ Q3 2016 Production Report)
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Cliffs unveils new hydrogen-powered stainless line in Ohio
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.