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    NEMO Industries taps Tenova as technology provider for Louisiana DRI project

    Written by Ethan Bernard


    NEMO Industries has chosen Tenova as the technology provider for its planned direct-reduced iron (DRI) plant in Louisiana.

    The plant will be based on ENERGIRON DRI technology, which was developed by Tenova along with fellow Italian firm Danieli.

    Ethan Bernard

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    Nucor increases spot HR to $1,240/ton

    Nucor said on Monday, Oct. 12, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,240 per short ton (st) this week, a $10/st increase from a week earlier. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,305/st, up $15/st from the prior week. Nucor is still offering lead times of three to five weeks, according to the letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Oct. 6, showing HR coil prices averaging $1,270/st, up $10/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 13.