Steel Products
Cliffs Pushes Back Burns Harbor 'C' Blast Furnace Reline to '26
Written by Laura Miller
July 25, 2023
Cleveland-Cliffs is pushing back the reline of the C blast furnace at its Burns Harbor steel mill in northwest Indiana, executives said on the company’s second quarter earnings call on Tuesday, July 25.
The BF reline, originally planned for 2025, has been pushed to 2026, CFO and executive VP Celso Goncalves said on the call.
Chairman, president, and CEO Lourenco Goncalves said the change was based on updated operational information. “Through this quarter, our conviction is that the furnace is in great shape,” he said, thus “the postponement to 2026 is perfect.”
The Burns Harbor plant, Cliffs’ second-largest facility, has two BFs and can produce nearly 5 million net tons of raw steel annually. Both its C and D furnaces have daily iron-making capacities of 7,400 tons, according to SMU’s blast furnace status table.
When asked about the reline schedule across Cliffs’ operations, Goncalves explained that relines were completed at its largest BF, No. 7 in Indiana Harbor, in 2021 and at its Cleveland Works last year. The next BF in line after Burns Harbor would be at Middletown Works in Ohio, “but it’s not going to happen before 2027,” he said.
Laura Miller
Read more from Laura MillerLatest in Steel Products
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
U.S. Steel to halt slab conversion at Granite City Works
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]
SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.
HR Futures: Market finds footing on supply-side mechanics
As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.
Beige Book: US markets remain cautious amidst volatile pricing environment
Sluggish economic activity across the US was largely attributed to uncertainty caused by tariff policies and growing cost pressures, according to the US Federal Reserve’s (The Fed) latest Beige Book report. The Fed’s latest economic report, posted on Sept. 3, consists of economic findings from the six weeks preceding Aug. 25 throughout 12 districts. Economic […]