Steel Products

Coronavirus Forces JSW USA to Idle Some Operations
Written by Tim Triplett
April 16, 2020
JSW Steel USA will idle facilities and lay off workers at its plants in Mingo Junction, Ohio, and Baytown, Texas, in an effort to mitigate the impact of the coronavirus pandemic and chaos in the oil and gas market on steel demand.
The company said it will temporarily idle the hot rolling mill and EAF at Mingo Junction in mid-April for approximately four weeks. Planned CAPEX projects related to EAF modernization and general maintenance will be completed.
The company will continue the hot rolling of plate at its Baytown Plate mill as it completes the cold commissioning of Phase-1 of the $260 million plate mill modernization project. Plate processing and shipping also will continue to assure that all customer deliveries are met on time.
The Baytown pipe mill will be put in “care and maintenance” mode from mid-May onwards to complete several maintenance projects so the mill can be restarted on short notice when the market improves, the company said.
Because of these temporary changes to operations at Mingo Junction and Baytown, JSW will temporarily lay off certain employees in April and May. The company has issued WARN Act notices to state and local officials. It expects to call back many of the laid off employees when operations are restarted in May and June.
“We remain committed to supporting all our employees and their families in this challenging environment, and we will continue to provide medical benefits until the end of the month to employees who are laid off during the month,” said JSW USA President and CEO John Hritz. “We believe that with the combination of the medical benefits that we will be providing and the additional unemployment benefits announced under the CARES Act of 2020, the employees who are laid off for a short time will be able to cushion the impact and support their families during this period.”
Added Hritz: “As we continue with our new Mingo Junction Electric Arc Furnace and new Baytown Plate Mill installations, we stand ready to ramp up our capacity utilization at each facility, based on customer demand.”
{loadposition reserved_message}

Tim Triplett
Read more from Tim TriplettLatest in Steel Products

OCTG producers in Canada take aim at Mexico, US, others
Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.

Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.

CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]

Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.