Steel Mills
CMC Shuts Down Melt Shop in California
Written by Sandy Williams
October 17, 2019
Commercial Metals Co. has shut down the melt shop at its steel rebar mill in Rancho Cucamonga, Calif., citing restrictive regulations and low-cost competition.
“The burdensome regulatory environment and cost of doing business in California has put the Rancho Cucamonga melt shop at a severe cost disadvantage in the highly competitive rebar market,” said CMC in a media statement. “Therefore, CMC has decided to shutter the melt shop and supply the rolling mill with billet from excess melt capacity throughout our system of lower cost mills.”
CMC also has EAF mills in Alabama, Florida, New Jersey, South Carolina, Tennessee and Texas. The Rancho Cucamonga rebar mill was purchased from Gerdau S.A. in November 2018 and has a raw steel capacity of 830,000 tons per year.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
SSAB announces $74M expansion in Alabama
The project will expand heat treat capacity at its Axis, Alabama plant
ArcelorMittal’s EAF in Alabama expects first heat in Q2
The facility at AMNS Calvert will be the first EAF in North America capable of supplying exposed automotive grades with domestically melted and poured material.
Nucor’s Topalian lauds Trump’s trade policies, downplays impact
Nucor’s top exec Leon Topalian said the benefit of the current administration’s aggressive trade policies “trumps” any risk of potentially higher raw materials prices.
SSAB reports higher production, shipments
But profits slipped vs. last year.
Nucor earnings slump in first quarter, but better times seen ahead
Nucor’s profits fell precipitously in the first quarter, but the company has a rosier outlook for the following quarter.