Market Segment
March 19, 2021
SMU Deep Dive: Mill Outages Could Take 1M+ Tons Out of Market
Written by Michael Cowden
The U.S. steel market could lose one million tons of production in the months ahead because of several lengthy blast furnaces outages, and the volume of iron and steel impacted could be well over one million tons when shorter-duration electric-arc furnace (EAF) and hot strip mill outages are considered.
The issue is particularly relevant because domestic steel buyers are becoming increasingly frustrated with late mill shipments and a scarcity of supply.

