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    Analysis

    AISI: Navigating recent EPA rulemakings impacting steel

    Written by Kevin Dempsey


    With Earth Day almost a month away, the world’s attention often turns to the manufacturing sector with calls for greener production processes. The American steel industry leads the world in low-emissions production. Our industry has the lowest CO2 emissions per ton of steel produced of any of the major steel-producing countries and accounts for just 1-2% of US greenhouse-gas (GHG) emissions. Globally, the steel industry emits around 8% of total world GHG emissions. Steel is also the most recycled material on the planet. And steel is the only material that is essential to all clean energy technologies. The American steel industry doesn’t just talk about environmental stewardship, we practice what we preach.

    The US Environmental Protection Agency (EPA) has recently promulgated several regulations that will have an impact on the American steel industry—particularly recent rules addressing air emissions. According to a National Association of Manufacturers survey last year, more than 63% of manufacturers report spending more than 2,000 hours per year complying with federal regulations. As AISI often receives questions from industry stakeholders on these issues, the following will help readers navigate the complex environmental regulatory landscape on some of these recent rules.

    Kevin Dempsey

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    Nucor lands GM platform for exposed automotive sheet

    Nucor has been awarded an entire General Motors platform for exposed automotive sheet, Chair and CEO Leon Topalian said on a call Tuesday discussing the company’s third-quarter earnings. Topalian described the award as a breakthrough for Nucor in a product area he said integrated steelmakers had long dominated. Nucor plans to shift related process engineering and quality control work to its new West Virginia sheet mill as the facility ramps up, Topalian said. He said the mill would be capable of producing high-end automotive steel. Noah Hanners, executive VP of sheet products, said West Virginia automotive tons would begin customer qualifications in 2028.

    Turkish scrap buyers eyeing higher prices

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    GrafTech losses widen, modest demand growth still expected

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    Reliance says caution around foreign buys makes import flood unlikely

    Reliance Inc. is keeping a close eye on inventory as extended lead times, elevated prices, and tight material availability complicate purchasing decisions. Executives at the Phoenix-based service center said on Thursday's third-quarter earnings call that inventory levels were appropriate. The company is reducing excess inventory and focusing on inventory turns. Chief Financial Officer Arthur Ajemyan said inventory turns improved 10% year over year.

    Final Thoughts: Is the steel market now tighter than in 2021?

    "Now, the problem is no longer the price. The problem is having access to steel." That would have made a good lead. But I can’t take credit for it. Those (very quotable) words are from Cleveland-Cliffs Chairman and CEO Lourenco Goncalves during the steelmaker’s quarterly earnings conference call on Monday. For a while, I thought the shortages we'd been hearing about might be mostly a problem for small- and mid-sized buyers. But we’re seeing even some of the biggest steel buyers talking openly about supply problems.