Market Segment

CRU: ArcelorMittal Orders New NGO Mill
Written by Steve Garnsey
September 8, 2023
Luxembourg-headquartered ArcelorMittal has placed the contract for a reversible 6-high cold rolling mill to produce high-grade, non-oriented silicon steel strip (NGO) for use in electric motors.
The unit will be installed at the group’s Mardyck plant near Dunkirk in northeastern France where it is adding a 200,000 t/y rolling mill to produce electrical steels for electric vehicles (EVs) and electric motors in general, including those used in industrial machinery.
Equipment supplier Andritz of Austria says the light-gauge strip to be produced is in high demand because it contributes to more compact, lightweight and energy-efficient traction motors. The mill will be capable of rolling up to 1,450 mm wide strip to a minimum gauge of 0.2 mm.
ArcelorMittal is spending more than €300 M ($320 M) to add electrical steels to Mardyck. The scheduled start up is 2024. The company currently produces electrical steels at Saint-Chely d’Apcher in southern France.
Steve Garnsey
Read more from Steve GarnseyLatest in Market Segment
 
		                                Ternium swings to Q3 loss, eyes 2026 recovery
Ternium closed the third quarter with steady shipments and improving margins. But trade policy uncertainty and subdued demand in Mexico weighed on the Latin American steelmaker’s results.
 
		                                SMU Mill Order Index fell in September
SMU’s Mill Order Index declined in September after repeated gains from June through August. The shift came as service center shipping rates and inventories fell.
 
		                                Algoma’s losses widen in Q3 as tariff troubles continue
Algoma Steel’s net loss more than quadrupled in the third quarter on trade woes and its EAF transition. Separately, the company announced a change in leadership, as CEO Michael Garcia will retire at the end of the year.
 
		                                Algoma Steel CEO Mike Garcia to retire at year end
Algoma Steel Group Inc. CEO Michael Garcia will retire at the end of the year, the company said on Tuesday. Rajat Marwah, CFO of the Canadian flat-rolled steelmaker, will be appointed president on Nov. 1 and CEO on Jan. 1.
 
		                                Ryerson, Olympic bet big on merger as steel slump enters third year
Executives framed the all-stock deal as a path to scale, efficiency, and long-term growth despite ongoing weakness in the metals market.
