Steel Products
SDI’s Sinton Hot Mill is Back Up and Running
Written by Laura Miller
August 1, 2023
Steel Dynamics Inc.’s hot strip mill in Sinton, Texas, is back up and running after a month-long unplanned outage.
The hot end of the Sinton mill had been down since July 1 because of caster shear equipment issues.
SDI announced the successful restart of the mill on the morning of Tuesday, Aug. 1, as its team “has successfully addressed” those equipment issues.
The Fort Wayne, Ind.-based steelmaker noted in the announcement that the cold mill and downstream value-added flat-rolled steel coating lines remained operational during the outage.
Total loss of volume related to the outage is expected to be 50,000 to 70,000 net tons, executives said on the company’s second-quarter earnings call with analysts on July 20. The mill has an official capacity of 3 million tons per year.
The hot mill was running at 52-55% before the outage. The plans are to progressively ramp up to an 80% run rate by year’s end, co-founder, chairman, and CEO Mark Millett said on the call.
Laura Miller
Read more from Laura MillerLatest in Steel Products
Active rig count update through mid-May
Drilling activity ticked up in the US but declined in Canada during the week ended May 17, according to the latest release from Baker Hughes.
Mexico’s TYASA breaks ground on SBQ rolling mill
Mexican steelmaker Talleres y Aceros (TYASA) broke ground this month on the construction of a new special bar quality (SBQ) rolling mill in the state of Veracruz.
Biden hikes tariffs on Chinese goods, including steel and aluminum
The Biden administration announced a series of actions on Tuesday targeting China’s "unfair" trade policies. These actions will, among other things, make imports of steel and aluminum from the Asian nation even more prohibitive.
Nucor holds weekly HRC price steady after last week’s cut
Nucor chose to hold its consumer spot price (CSP) for hot-rolled (HR) coil steady this week after stunning the market last week with a significant price decline. The steelmaker said in a letter to customers on Monday morning that its $760-per-short-ton (st) CSP base price for HR coil is effective immediately. The price is unchanged from the CSP announced on May 6 but down $65/st from $825/st April 29.
US CR tags ease, premium over imports still high
Offshore cold-rolled (CR) coil prices remain much less expensive than domestic product, even as domestic prices have slipped to a six-month low, according to SMU’s latest check of the market.