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
Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.
Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.
AHMSA opens doors to potential buyers as $1.3B asset auction nears
AHMSA is opening its doors to potential buyers to tour its steel plant and mining operations in northern Mexico in preparation for the next stage of its bankruptcy process: the auction of its assets.
USW seeks clarity on USS plans for Granite City Works
The United Steelworkers union has asked U.S. Steel to elaborate on its Granite City Works plans following reports that the steelmaker is ending processing at the facility.
Nucor maintains plate prices, opens October order book
Nucor aims to keep plate prices flat for a seventh straight month with the opening of its October order book.