Steel Mills
ArcelorMittal USA to Shut Down BF #3 at Indiana Harbor
Written by Sandy Williams
November 12, 2019
ArcelorMittal USA will shut down its blast furnace #3 at Indiana Harbor West. The furnace has reached the end of its current operational life and will be taken down in a safe and orderly fashion, said a spokesperson for the company. The furnace could be restarted in the future “if customer demand merits the necessary capital investments for a new campaign.”
The removal of the BF #3 production capacity will not impact AM’s ability to meet current customer demand. The 35 employees at the blast furnace operations will be reassigned to other positions at Indiana Harbor. No layoffs are anticipated.
“We are not idling the furnace and it should not be reported as an idling, which is something you might do purely for market reasons,” said the ArcelorMittal spokesperson in a statement to SMU. “It is being taken down because it has reached the end of its current campaign and requires significant capital investment for continued operation.”
Indiana Harbor will continue operations with blast furnaces #7 and #4 with a combined daily capacity of 16,400 tons. Blast furnace #3 had a capacity of 4,300 net tons per day.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nucor lowers 2024 output estimate for Brandenburg plate mill
Nucor has lowered the 2024 production estimate for its Brandenburg, Ky., plate mill due to soft market conditions.
SSAB adjusts output in weak Q3, readies for Q4 rebound
SSAB said lower plate prices in the US were the primary reason for reduced results in the second quarter. With a dismal Q3 outlook, the Swedish steelmaker is adjusting production across its facilities. That includes moving up its annual US mill outage in anticipation of a better Q4. SSAB Americas Revenues in the Americas segment […]
Topalian puts focus on “unfair” trade, eyes USMCA partners
Nucor’s top executive expressed concerns over unfair trade practices, highlighting increased steel imports from Mexico and Canada.
Cliffs sees close of Stelco buy, bottom to steel tags, and Mexico out of USMCA
Cleveland-Cliffs expects its acquisition of Canada’s Stelco to close later this year, which will help the the Cleveland-based steelmaker as a bottom to steel tags nears.
Nucor posts lower Q2 earnings, predicts tough Q3 too
Nucor recording lower second quarter earnings on falling steel prices. And the Charlotte, N.C.-based predicted that profits would be lower still in the third quarter, primarily because of weaker results from its steel mills divisions.