Steel Mills

Subcontractors for USS Stole~$2M of Scrap: Police
Written by Ethan Bernard
October 18, 2023
Subcontractors for U.S. Steel in northwest Indiana stole ~20 million pounds of scrap valued at ~$2 million over a two-year period, according to local police.
The subcontractors diverted slitter scrap from a U.S. Steel facility in Portage, Ind., that was supposed to be delivered to the Pittsburgh-based steelmaker’s nearby Gary Works steel mill, a detective for the Portage Police Department told SMU on Tuesday. The detective asked to remain anonymous.
U.S. Steel’s Midwest Plant is in Portage, which is about 10 miles from Gary, Ind. The plant functions as a finishing facility for Gary Works. It makes tin-mill products as well as hot-dripped galvanized, cold-rolled, and electrical lamination steels, according to U.S. Steel’s website.
The slitter scrap was instead sold to a local Portage recycling facility. The detective declined to name the yard because of an ongoing investigation.
The police received a report in August 2022 about a load of stolen scrap metal. Police subsequently found other loads had been stolen as far back as August 2020, according to an article in the Times of Northwest Indiana on Monday. Six men have been arrested and charged with felonies.
“U.S. Steel takes the ethical conduct of its employees and contractors very seriously,” a U.S. Steel spokeswoman said in a statement to SMU.
The company is cooperating fully with investigators. “We will continue to examine potential areas of fraud and misconduct and aggressively pursue those engaging in such activity,” she said.
 
			    			
			    		Ethan Bernard
Read more from Ethan BernardLatest in Steel Mills
 
		                                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.
 
		                                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.
 
		                                Cliffs, POSCO announce MoU for ‘transformative’ partnership
Cleveland-Cliffs on Thursday said it had signed a memorandum of understanding (MoU) with POSCO to forge a strategic partnership, one Cliffs bills as "transformative."
 
		                                Cliffs touts steel stamping solution to replace aluminum in automotive
Cliffs said it successfully completed a defect-free trial production of exposed steel parts using aluminum-forming equipment in collaboration with an unnamed OEM,
 
		                                Nucor navigates mixed flat-rolled markets with strategic muscle
Nucor entered the fourth quarter with clear forward momentum: stronger-than-expected results, solid sheet and plate demand, and construction progress on a major new mill that should add capacity next year.
