Steel Mills
Algoma Furnace Rebuild Cuts Production
Written by Sandy Williams
August 26, 2017
The No. 7 blast furnace at Algoma Steel is currently undergoing maintenance in order to rebuild one of the four furnace stoves. The project was begun in July and is expected to take four months to complete.
Steel production will be reduced by approximately 78,000 tons during the maintenance period. As a result, Algoma expects revenue to decline by $60 million and profits by $25 million, reported Soo Today.
Monthly production averaged 192,000 net tons in June and July 2017, according to the latest monitor’s report.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.
Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.
AHMSA opens doors to potential buyers as $1.3B asset auction nears
AHMSA is opening its doors to potential buyers to tour its steel plant and mining operations in northern Mexico in preparation for the next stage of its bankruptcy process: the auction of its assets.
USW seeks clarity on USS plans for Granite City Works
The United Steelworkers union has asked U.S. Steel to elaborate on its Granite City Works plans following reports that the steelmaker is ending processing at the facility.
Nucor maintains plate prices, opens October order book
Nucor aims to keep plate prices flat for a seventh straight month with the opening of its October order book.