In response to the recent hike in the cost of graphite electrodes, AK Steel Holding Corp. will implement an electrode surcharge for all stainless product shipments effective Oct 29. The surcharge for November will be $13.20 per ton. The amount will be same for all stainless grades produced by the company. The monthly electrode surcharge amount will be listed in the company's monthly surcharge publication.
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ArcelorMittal reports that a portion of its mill in Calvert, Ala., suffered minor damage over the weekend due to a small, localized tornado related to Hurricane Nate. The company halted production on Friday night for safety reasons, but resumed operations Sunday afternoon.
Big River Steel presented a check for $50 million to Arkansas Governer Asa Hutchinson for full repayment of a loan from the State of Arkansas—and did it 17 years early.
A contractor at Nucor Steel in Decatur, Ala., died at the mill on Saturday afternoon after falling into a vat containing waste product from finished rolled steel.
An explosion at the Gerdau long products steel mill in Wilton, Iowa, injured three employees and a contractor on Wednesday night. The incident occurred in the facility's melt shop and resulted in temporary suspension of operations.
Nucor is checking out five states in the Midwest and Southeast as potential sites for a new steel bar micro mill project. Locations in Nebraska, Kansas, Missouri, South Carolina and Florida are under consideration. The board of directors also approved an expansion of Nucor's existing merchant bar operations in either Illinois or Ohio.
U.S. Army General Lloyd J. Austin III has been elected to the Nucor board of directors, effective Sept. 18.
General Austin, 64, retired as a four-star general in 2016 after nearly 41 years with the U.S. Army. From March 2013 through March 2016, he served as the commander of U.S. Central Command responsible for military strategy and joint operations throughout the 20-country Central Region that includes Iraq, Syria, Iran, Afghanistan, Pakistan, Yemen, Egypt and Saudi Arabia. Prior to that he served as the 33rd Vice Chief of Staff of the Army from January 2012 to March 2013 and as the Combined Forces Commander in Iraq from September 2010 through the completion of Operation New Dawn in December 2011.
André Gerdau Johannpeter has resigned as the chief executive of Gerdau SA, one of the largest steelmakers in the Americas, as members of the founding family exit from the company’s executive management. Gostavo Werneck, head of Gerdau’s Brazil operations, will replace him in January.
ArcelorMittal’s three plate facilities in the United States—Burns Harbor in Burns Harbor, Ind., and Coatesville and Conshohocken in Pennsylvania—have each achieved DNV-GL certification, which will allow the company to expand business opportunities domestically and internationally for its plate products.
DNV-GL (Germanischer Lloyd) is a classification society that sets rules and standards for industries, especially maritime-related markets. They establish best practices by means of quality codes, standards and documentation. These criteria ensure manufacturing compliance and allow conditions whereby warranties and insurance criteria are met.
More than a billion dollars of financing is headed to Big River Steel. The Osceola, Ark., steel company announced Thursday that it has closed on $1.225 billion of financing that will be used to refinance a substantial majority of its outstanding debt and for general corporate and working capital purposes.