Steel Mills
USS marks launch of DR-grade pellet ops in Minnesota
Written by Ethan Bernard
May 24, 2024
U.S. Steel celebrated the launch and “operational readiness” of its DR-grade iron ore pellet production facility in Minnesota.
The Pittsburgh-based steelmaker has already confirmed the first shipment of DR-grade pellets from the Minnesota Ore Operations-Keetac Plant in Keewatin, Minn. The operation is on track to deliver ~4 million short tons (st) of pellets annually.
“This project was completed ahead of time, under budget, and most importantly, safely. Plus, it created 250 construction jobs and 33 full-time union and management jobs,” David B. Burritt, U.S. Steel president and CEO, said in a statement on Thursday.
The steelmaker said the $150-million investment is a step forward in its metallics strategy “by supplying the increasingly tight DR-grade pellet market with low-cost iron ore and building on the company’s ability to meet customer needs.”
This facility will be able to produce either DR-grade iron ore pellets or blast furnace iron ore pellets. U.S. Steel said this will allow it to adjust to changes in the market.
The company noted that construction on the facility began in August 2022 and was completed in December 2023. The Minnesota Ore Operations directly employs nearly 2,000 workers.
Burritt was on hand at the celebration along with Minnesota Gov. Tim Walz and other elected officials, as well as USS SVP of raw materials and sustainable resources John Gordon, employees, and members of the community.
Ethan Bernard
Read more from Ethan BernardLatest in Steel Mills
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.
Granite City Works must remain open and other terms of the Nippon-USS deal
SEC documents also name Trump specifically as having veto power certain decisions are part of the “Golden Share” provision.