Final Thoughts

Restart of Indiana Harbor No7 Blast Furnace Proceeding: Cliffs
Written by Michael Cowden
December 2, 2022
Cleveland-Cliffs is in the process of restarting the No. 7 blast furnace at its Indiana Harbor steel mill in East Chicago, Ind.
“All good with the re-start procedure that is ongoing,” a company spokeswoman said in an email to Steel Market Update on Friday, Dec. 2.
The Cleveland-based steelmaker said that there had been a minor fire at the furnace ahead of planned maintenance last weekend.
Cliffs said on Monday, Nov. 28, that the furnace would be restarted within the week.
An outage at No. 7 is notable because it is the largest blast furnace in North America. It has a capacity of 11,500 tons of iron per day. It is also the only active blast furnace at Indiana Harbor, according to SMU’s blast furnace status table.
Approximately 20 miles south of Chicago, Indiana Harbor has an annual steelmaking capacity of 5.5 million tons. It makes a full range of hot-rolled, cold-rolled, and coated products – including exposed grades for the automotive industry and American Petroleum Institute (API) grades for the energy sector.
Other key markets for the mill include appliance, construction, and distribution, per a fact sheet about the plant.
By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden
Read more from Michael CowdenLatest in Final Thoughts

Final Thoughts
We're going to have to wait a bit longer for the final outcome of the Nippon/USS deal.

Final Thoughts
Sure, demand isn’t as good the market had hoped it would be earlier this year. But assuming it doesn’t fall of a cliff, buyers will have to restock at some point. And that might give domestic mills enough leverage to raise prices again.

Final Thoughts
While I would anticipate market sentiment to pivot and improve if all the questions around tariffs were answered, that still leaves us with a few other factors.

Final Thoughts
Let's see what SMU survey respondents are saying about Trump's tariffs.

Final Thoughts
The Tariff Town amusement park ride shows no signs of slowing down.