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: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.
SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.
SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).
Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.
