International Steel Mills
CRU: Grupo Simec Shuts Two Republic Steel Mills For Good
Written by Steve Garnsey
October 16, 2023
Specialty steel producer Grupo Simec has permanently closed down its Republic Steel mills in Canton, Ohio, and Lackawanna, in New York state, it has emerged.
In August, the company blamed an extremely challenging special bar quality (SBQ) market, competitive market pricing, decreased demand, higher input costs, and the general inflationary environment for an indefinite idling. Around 500 employees were furloughed.
A company lawyer has since told Ohio’s attorney general’s office that the closure is permanent. The office described the information as confidential but critical to share because of ongoing settlement negotiations of the state’s air pollution case against the company, local newspaper, The Canton Repository, reported.
Simec has insisted that Republic Steel, as the only producer of leaded steel in North America, took many steps over the years to remain compliant with ever-changing environmental regulations, particularly related to air quality. But continuing to produce in facilities up to 125 years old proved to be too challenging.
Therefore, the Guadalajara, Mexico-headquartered group transferred its leaded steel production to a new, state-of-the-art mill in Tlaxcala, central Mexico. The rest of Canton’s and Lackawanna’s output of SBQ, rod, wire, rebar, and other long products were also moved there during the initial idling.
Steve Garnsey
Read more from Steve GarnseyLatest in International Steel Mills
Nippon requests Japan’s government restrict steel imports from China
Nippon Steel and other Japanese steelmakers are lobbying for the Japanese government to limit imports of Chinese steel, according to a report in Reuters.
SSAB taps Sjöström as new president, CEO
SSAB has appointed Johnny Sjöström as president and CEO of the Swedish steelmaker.
ArcelorMittal Q2 earnings dive, Mexican strike hits profits
ArcelorMittal’s earnings fell precipitously from a year earlier as the company said current market conditions are unsustainable.
Nippon withdraws from JV with China’s Baosteel
Japan’s Nippon Steel announced it was withdrawing from a joint venture (JV) with China's Baoshan Iron & Steel (Baosteel) that served the Chinese automotive industry.
SSAB adjusts output in weak Q3, readies for Q4 rebound
SSAB said lower plate prices in the US were the primary reason for reduced results in the second quarter. With a dismal Q3 outlook, the Swedish steelmaker is adjusting production across its facilities. That includes moving up its annual US mill outage in anticipation of a better Q4. SSAB Americas Revenues in the Americas segment […]