Product
July 15, 2020
Written by Brett Linton
Nominations for the 2nd annual SMU NexGen Leadership Award, sponsored by the Steel Manufacturers Association, close on Aug. 1. There’s still plenty of time to make your nominations!
The award is designed to recognize and celebrate the excellence of emerging leaders within the greater steel community.
President Trump announced that Mesabi Metallics will build the largest steel plant in the US in the state of Iowa.
Stelco Holdings Inc. is indefinitely idling its finishing operations in Hamilton, Ontario. The Canadian steelmaker, a subsidiary of Cleveland-Cliffs, will concentrate steel production at its Lake Erie Works in Nanticoke, Ontario, a Cliffs spokesperson told SMU.
Cleveland-Cliffs Inc. has confirmed a fatal accident occurred at its Monessen coke facility on Sunday, but said production has not been impacted.
US steel industry groups representing most of domestic steel production are urging the Trump administration to tighten trade measures on steel imports from South Korea. They are seeking a South Korea-specific tariff-rate quota (TRQ) and an investigation into a reported import surge.
Nucor said its consumer spot price for hot-rolled coil will be $1,220 per short ton (st) for the week of Sept. 28. That's a 10/st increase from a week earlier.