Steel Mills
Chinese Refractory Maker Plans Facility in Kentucky
Written by Tim Triplett
June 22, 2020
PRCO America, Inc., a Chinese company that manufactures refractory brick used by steel mills to line their furnaces and transfer ladles, plans to open their first U.S. facility, in Graves County, Ky., by the end of the year.
The western Kentucky location was chosen for its proximity to many steel mills, as well as to shipping access on the Mississippi river. The company will produce custom-sized resin-bonded magnesia graphite refractory brick for mills in the U.S., Canada and Mexico.
PRCO America is a division of China’s Puyang Refractories Group Co. The company received a tax incentive to locate the $5.5 million facility in the state of Kentucky, creating 32 jobs.
–Reporting by Alice Buro
Tim Triplett
Read more from Tim TriplettLatest 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.