• Skip to main content

    Prices

    Winter Storms Prompt Voestalpine to Temporarily Halt HBI Production in Texas

    Written by Michael Cowden


    Voestalpine has temporarily halted production as its hot-briquetted iron plant in southern Texas, the company said. “Our HBI plant in Texas experienced a temporary shutdown and made the decision to continue the shutdown,” a spokeswoman for the Austrian steelmaker said in an email to Steel Market Update on Feb. 18.

    snowThe company made the decision to conserve energy at the recommendation of the Electricity Reliability Council of Texas (ERCOT) and the AEP Texas. ERCOT manages electricity flows to more than 26 million customers in Texas representing approximately 90% of the state’s electric load, according to its website. AEP Texas is part of electric utility American Electric Power.

    Michael Cowden

    Read more from Michael Cowden

    Latest in Prices

    Sheet and plate price gains accelerate as 2026 tons dry up

    Sheet and plate prices continue to push higher as mills charge a premium for what little spot tonnage remains for 2026, market participants said. SMU’s price assessment for hot-rolled (HR) coil now stands at $1,290 per short ton (st) on average, up $10/st week over week. HR price gains averaged $5/st w/w throughout July and August, with no changes in prices some weeks and gains of at most $15/st w/w. In September and October to date, in contrast, prices have increased every week—with the average gain at $11.25/st w/w and w/w gains as high as $20/st. Prices for cold-rolled and coated products continued to increase as well. SMU's price assessment for cold-rolled (CR) coil clocked in at...