Steel Mills
Tenaris to Restart Pennsylvania Operations
Written by Sandy Williams
April 19, 2021
Tenaris will bring its Pennsylvania facilities back online as part of plans to expand operations across the Northeast U.S. The Koppel melt shop and Ambridge seamless pipe are slated for restart this summer.
“There are encouraging trends in the market from increases in production and oil prices to total demand. While taking a cautious approach, this presents an opportunity for us to power up our footprint to supply customers through a reliable, domestic value chain,” said Tenaris U.S. President Luca Zanotti. “Our plants in the Northeast remain central to this strategy.”
The Koppel plant is finalizing 2020 investment plans to upgrade steel bar size and add safety and automation improvements. Tenaris has since added to the investment by including new cranes, revamping of older cranes used to feed scrap metal into the furnace, and a new production management system. The $15 million investment is expected to be completed in May with operations to begin in June.
The Ambridge seamless mill, idled due to depressed market conditions, is scheduled to return to operations in late summer.
Tenaris will recall approximately 250 employees at the plants as well as hiring new team members. Tenaris has been expanding its workforce in Texas as well as in Hickman, Ark. About 1,000 new workers are expected to be added in the coming months.
Tenaris is a global manufacturer of pipe and related services serving energy and other industrial applications with operations in 16 countries.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nucor eyes long-term gains amid strong demand and trade enforcement
Resilient demand across its steel product lines, combined with the continued ramp-up of key expansion projects, drove Nucor’s improved financial results and record-setting performance in the second quarter. That’s according to company executives speaking on an earnings conference call on Tuesday.
Three independent, new directors join USS board
U.S. Steel (USS) appointed three new, independent US members to its board of directors, the company announced.
Nucor reports improved earnings, sales, and operating rates
Nucor reported a sharp sequential rebound in the second quarter, buoyed by improved pricing and strong shipments. But the steelmaker is bracing for a modest slowdown in the months ahead.
Cliffs confirms Cleveland furnace restart, Dearborn furnace idling
Cleveland-Cliffs is idling blast furnace, BOF shop, and continuous caster functions at its Dearborn plant, but downstream operations will remain unaffected, the company confirmed. Cliffs said its pickling line tandeom cold mill (PLTCM) and its extra wide automotive-grade galvanizing line for exposed parts will continue operations at the Dearborn, Michigan-based facility.
Nucor spot HR list price unchanged at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil flat this week, following a price cut the previous week.