Prices
Nobilis Plans Carbon-Neutral Pipe Mill Near Detroit
Written by Tim Triplett
July 23, 2019
Brian Harroun, founder and president of Nobilis Pipe Co., sees an opportunity for a new domestic steel mill to bring production of specialty pipe and tube products back to the United States—and to do it in an environmentally responsible and sustainable way. Nobilis Pipe is now working to secure financing for construction of one of the first carbon neutral steel production facilities in the world, to be located near Detroit.
The company hopes to begin production at the $950 million EAF mill by 2022. The mill will have a rated capacity of 50,000 metric tons per year of seamless pipes in stainless steel, duplex and nickel alloys ranging from one-quarter inch to 18 inches in diameter. The mill will serve a variety of industries including military and defense, aerospace, power generation, oil and gas, OCTG, and steel service centers and distributors. All materials produced at Nobilis will be melted and manufactured on the premises in the United States and will be DFARS compliant and capable of meeting the most demanding high-temperature and corrosion-resistant applications, the company claims.
“We are planning to locate Nobilis Pipe in the metropolitan Detroit area with enough space to expand in the future and add all the solar and wind power we will need to meet our sustainability goals,” Harroun said. “Nobilis Pipe is excited about the prospect of significantly contributing to the expansion of economic diversity in Michigan with our revenue, which is not affected by the trends of the automotive industry.”
Tim Triplett
Read more from Tim TriplettLatest in Prices
SMU Survey: Mills less negotiable on spot prices
Most steel buyers responding to our market survey this week reported that domestic mills are considerably less willing to talk price on sheet and plate products than they were in recent weeks.
Price gap between US HRC, most imports narrows slightly
In dollar-per-ton terms, US product is on average $141/st less than landed import prices (inclusive of the 50% tariff). That’s down from $148/st last week.
SMU price ranges: Sheet ticks higher, plate stable
Sheet steel indices increased across the board this week, while plate prices held steady. All five of SMU’s price indices are higher than they were two weeks ago, and all but one are above levels recorded four weeks ago.
Nucor lifts HR spot price by $10/ton
Nucor has raised its weekly spot list price on hot-rolled coil by $10 per short ton (st) after keeping it unchanged since Aug. 25.
Atlas Tube up $50/ton following NLMK USA sheet price hike
Atlas Tube, in a leading move, said it aims to increase prices for mechanical tubing, hollow structural sections (HSS), and piling products by at least $50 per short ton (st).