Steel Products Prices North America
Cleveland Hopes to Attract Pipe and Tube Facility
Written by Sandy Williams
August 28, 2017
A subsidiary of Canadian steel processor and Nova Steel is looking for a location in the United States to build a pipe and tube manufacturing plant. Cleveland, Ohio, hopes to entice Nova Tube and Steel LLC with a prime spot along Interstate 77 near ArcelorMittal and access to the Cuyahoga River and the Great Lakes.
Cleveland Councilman Anthony Brancatelli said the city-owned property is the site of a former ArcelorMittal coke plant and slag dump. A clean-up effort in 2014 has transformed the 65 acres into developable industrial land.
Nova Tube would be a good fit, Brancatelli told Crains Cleveland, with the ArcelorMittal steel mill nearby, as well as two steel service centers — Heidtman Steel Products Inc. and Steel Warehouse Co. “It’s exactly what the site was built for,” he said.
Nova Steel has signed a non-binding agreement for 30 acres at the site, but is still looking at other opportunities in the U.S. Cleveland City Council will consider legislation that will offer Nova a 10-year, 60 percent tax abatement if it chooses the Cleveland location.
The move by Nova Steel is in response to an uptick in drilling activity in oil and gas fields that will require additional sources for pipeline.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
Nucor drops weekly HR coil price by $10/ton
Nucor lowered its weekly base spot price for hot-rolled (HR) coil by $10 per short ton (st) this week.
Nucor holds HR price steady this week
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) flat this week.
SMU price ranges: Sheet, plate largely unchanged
Sheet prices varied this week. While hot-rolled (HR) coil pricing was largely flat, cold-rolled (CR) coil and tandem product pricing eased slightly reflecting the momentum shift seen last week for HR coil. SMU’s average HR coil price was flat from last week at $835 per short ton (st) – potentially emphasizing the tension between competing […]
Nucor posts $830/ton spot HR price for week of April 8
Nucor said its spot hot-rolled (HR) coil price this week will be $830 per short ton (st).
US HR prices rebound, no longer near parity with imports
US hot-rolled coil and offshore hot band moved further away from parity this week as stateside prices have begun to move higher in response to mill increases.