Steel Mills

Nucor To Buy Steel Technologies Pickle Line in Ghent, Ky.
Written by Michael Cowden
May 25, 2022
Nucor has signed a definitive purchase agreement to acquire Steel Technologies LLC’s pickle line facility and associated equipment in Ghent, Ky., where the steelmaker also operates a sheet mill.
Charlotte, N.C.-based Nucor said Steel Technologies would continue to own and operate slitting equipment at the Ghent location in a letter to customers dated Wednesday, May 25.
The value of the deal was not disclosed.
Nucor expects to take ownership of the facility on June 30. The steelmaker and Steel Technologies – a Louisville, Ky., based service center with locations across North America – will work in the meantime to make sure existing customers continue to receive pickled-and-oil (P&O) products from the line.
The pickle line in Ghent can process up to 450,000 tons of flat-rolled steel per year, Nucor said. It has capabilities ranging from .054-.500 min and can handle widths up to 72 inches.
Nucor steelmaker said the deal would allow it to continue to expand its offerings of value-added sheet products. And it will immediately benefit the company’s Ghent sheet mill, also known as Nucor Steel Gallatin, which is in the final stage of a hot mill expansion project.
That expansion will add 1.4 million tons per year of additional hot-rolled coil capacity. It will also allow the mill to roll coils up to 73.5 inches wide, higher strengths and heavier gauges – up to 1 inch, Nucor said.
By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden
Read more from Michael CowdenLatest in Steel Mills

BREAKING NEWS: Cliffs plans to idle three mills, cut 950 jobs on ‘insufficient demand and pricing’
Cleveland-Cliffs plans to indefinitely idle its steel mill in Riverdale, Ill., as well as mills in Conshohocken, Pa., and Steelton, Pa. The Cleveland-based steelmaker said all three facilities would be idled on or around June 30. Approximately 950 jobs will be impacted, the company said.

CRU: Usiminas may reduce capex unless government strengthens protection
“The lack of effective measures to create fair competition, amid a surge in subsidized imports, is the main threat to the sustainability of Brazil’s steel industry and its value chain,” CEO Marcelo Chara said.

USS swings to loss in first quarter on N. American flat-rolled segment woes
U.S. Steel CEO praised the company’s resilience, “despite the seasonally low results driven by annual mining logistics constraints in our North American Flat-Rolled segment and lagging spot prices.”

Nucor gives updates on new capacity coming online
Nucor said several of its capital projects will start operations within the next year and provided an update on them.

Algoma swings to loss on ‘market challenges’ and ‘tariff uncertainties’
Canada’s Algoma Steel swung to a loss in the first quarter amid "market challenges," and the company now expects first steel production from its first EAF in the second quarter.