Market Segment
May 21, 2021
Written by Michael Cowden
U.S. Steel’s mill in Košice, Slovakia, must swap out its blast furnaces for electric-arc furnaces (EAFs) to survive in a decarbonizing world, a government official said.
The problem: Doing so doesn’t come cheap. The change would cost approximately €1.5 billion ($1.8 billion), Slovakian Finance Minister Igor Matovič said per reports in local media.
Global raw steel production slowed for the third month in a row in August, according to the latest figures from the World Steel Association (worldsteel).
The US Department of Commerce has preliminarily determined that critical circumstances exist in the countervailing duty (CVD) investigation of imports of large-diameter graphite electrodes (LDGEs) from China.
SMU’s Mill Order Index (MOI) accelerated in August for a fourth consecutive month, reaching its strongest reading in nearly five years.
Tk accelis announced the launch of a new B2B steel buying and selling marketplace called steelbuy USA.
Farming equipment manufacturer John Deere announced it will call back more than 375 employees to work across its Quad Cities factory operations.