Steel Products Prices North America
Hot Commissioning Begins on USS Gary Works' Pig Iron Caster
December 13, 2022
US Steel said hot commissioning is underway, and the first small batch of pig iron was cast at its Gary Works in northwest Indiana.
The Pittsburgh-based steelmaker said it has cast several full ladles of hot iron and produced over 1,000 tons of pig iron.
This occurred months ahead of schedule, while maintaining a perfect safety record since the start of construction in March 2022, the company said. US Steel celebrated the start of the $60 million, 500,000-tons-per-year caster in April.
“Congratulations to the entire team at Gary Works on achieving this latest milestone,” Scott Buckiso, senior vice president and chief manufacturing officer of the North American flat-rolled segment, said in a statement.
Gary Works has not reached full production of pig iron yet, but daily equipment and process testing ensure that progress toward production continues, US Steel said.
The company added that Gary Works remains on track to begin full production of pig iron in the first half of 2023.
By Ethan Bernard, Ethan@Steelmarketupdate.com
Latest in Steel Products Prices North America
SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.
Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6
SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.
Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.
Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.