Steel Mills
Stelco Commissions Pig Iron Caster
Written by Sandy Williams
January 28, 2021
Canadian steelmaker Stelco has successfully commissioned its new pig iron caster at Lake Erie Works. The new caster has the capability to produce one million tons of pig iron per year and will offer an alternative to scrap for EAFs and Stelco’s own recently upgraded blast furnace.
Pig iron is expected to be an attractive commodity as electric arc furnace production expands and puts pressure on existing scrap supply. Stelco plans to offer a portion of its pig iron to the market, enhancing its portfolio of products ranging from pig iron, to semi-finished steel, to hot-rolled sheet, to high-value-added cold-rolled and coated products, as well as advanced high-strength steels.
“The commissioning of the pig iron caster completes the most recent of our many strategic investments in Stelco since mid-2017, which have modernized our facilities, diversified our product mix and positioned Stelco to succeed in various market cycles,” stated Alan Kestenbaum, Executive Chairman and CEO of Stelco.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Hot-rolled coil market remains slow, market participants say
Hot rolled spot market participants reported another week of moderate demand and ample supply, with no strong signs that conditions will change next week.
CRU: Blackout knocks out ArcelorMittal mill ‘for months’
Truchas works in Lazaro Cadenas, Michoacan, western Mexico. Repairs may take up to six months.
Nippon Steel posts quarterly loss on cost to buy U.S. Steel
Nippon Steel earnings take hit from buy of U.S. Steel.
Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.
ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.