International Steel Mills

NLMK mill targeted in Ukrainian drone attack
Written by Laura Miller
July 2, 2024
Novolipetsk Steel’s (NLMK) mill in Lipetsk, Russia, was the target of a raid by Ukrainian drones on Sunday, according to a Reuters report.
The drone “attack achieved no results other than causing extra welding work,” Reuters reported a spokesperson for NLMK as saying.
While Kyiv hasn’t taken responsibility for the attack, it believes the NLMK mill is supplying Russia’s war effort and is therefore a justifiable target for Ukraine’s military, according to the report.
However, “NLMK denies cooperating with the defense ministry, saying that its Russian operations are not capable of producing military-grade heavy steels and it does not supply the military,” Reuters said.
NLMK did not return an SMU request for comment.

Laura Miller
Read more from Laura MillerLatest in International Steel Mills

CRU: Bids made for Ilva assets
The Italian government has received 10 offers for the former Ilva integrated steel works at Taranto, but only two bidders are interested in purchasing all of the company’s assets.

Global steel production declined through August
August marked the second-lowest monthly production rate this year, down 13% from the two-year high of 166.6 million mt in March.

Algoma Steel assesses viability of US sales in wake of 50% S232 tariffs
Canadian flat-rolled steelmaker Algoma Steel is reconsidering its presence in the US market after the doubling of US Section 232 tariffs on imported steel to 50%, a company spokeswoman said.

Nippon plans to double steel output at USS operations: Report
Now that it has acquired U.S. Steel, Nippon Steel is planning a significant expansion of its US operations, including the construction of a new mill and more than doubling its steel output.

Global steel mill output steady through May
Global raw steel production rose 2% from April to May, slightly above average production levels seen in recent months, according to data recently released by the World Steel Association (worldsteel).