Steel Blog

ArcelorMittal, Ternium Invest in Mexican Steel

Friday, 29 September 2017 14:05

Two new hot strip mills are in the works for the Mexican steel industry. Both ArcelorMittal and Ternium announced plans this week to make investments in their facilities to meet growing demand.

The announcements coincide with decrees by Mexican President Enrique Peña Nieto creating three special economic zones that offer tax breaks to companies investing in the regions. The areas include Lázaro Cárdenas, Puerto Chiapas in Chiapas state, and Coatzacoalcos in the Gulf coast state of Veracruz. Nieto hopes attracting business to the region will help alleviate poverty and provide up to 12,000 jobs in the next several years.



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A minor fire at the ArcelorMittal Burns Harbor plate mill caused a shutdown in operations on Friday. The fire began in the control room for one of the 160-inch shear lines.

Firefighters responded to the incident from five area fire departments, said spokeswoman Mary Beth Holford. Paramedics evaluated two employees for smoke inhalation, but both were unharmed.



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ArcelorMittal Celebrates R&D

Thursday, 14 September 2017 13:37

ArcelorMittal is on a mission to make sure that steel remains the material of choice for a modern world. The steelmaker invited state and local dignitaries, staff and members of the media to an open house on Wednesday to commemorate the 50th anniversary of the ArcelorMittal Global Research and Development Center in East Chicago, Ind.



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A subsidiary of Canadian steel processor and Nova Steel is looking for a location in the United States to build a pipe and tube manufacturing plant. Cleveland, Ohio, hopes to entice Nova Tube and Steel LLC with a prime spot along Interstate 77 near ArcelorMittal and access to the Cuyahoga River and the Great Lakes.



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Four flat rolled steel mills, Nucor, NLMK USA, California Steel Industries (CSI) and ArcelorMittal USA, announced spot price increases today on all flat rolled steels produced at each mill.

The Nucor Sheet Mill Group, which handles flat rolled steel products, announced a minimum of $30 per ton ($1.50/cwt) price increase on hot rolled, cold rolled and galvanized steel products. The increases are to take effect immediately, according to the letter emailed to the Nucor customer base this afternoon.



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ArcelorMittal NAFTA Earnings Softer in Q2

Wednesday, 26 July 2017 14:06

ArcelorMittal's NAFTA segment posted sales of $4.6 billion, a 3.3 percent decline from first quarter. Operating income decreased to $378 million from $396 million and EBITDA fell 3.3 percent to $506 million. Although average steel prices were higher in second quarter, they were offset by lower shipment volumes and higher costs, including planned maintenance at AM/NS Calvert and ArcelorMittal Dofasco.

Crude steel production slipped 7.3 percent quarter-over-quarter to 5.76 million metric tons due to planned maintenance. Steel shipments dipped 3.4 percent to 5.4 million tons driven by a 3.9 percent decrease in flat product volume that was partially offset by a 1.9 percent improvement in long products.

AM/NS Calvert is now operating at a 90 percent capacity utilization rate and production and shipments were higher in the first half of 2017 compared to the same period in 2016. Weakness in the NAFTA segment was seen mostly in Mexico and at Dofasco in Canada.

In second quarter, ArcelorMittal completed the slab yard expansion project at Calvert, and the Galvaline expansion at Dofasco.



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ArcelorMittal Cleveland General Manager Eric Hague retired June 30, 2017, after 42 years in the Cleveland steel industry.

Hauge was instrumental in preserving the blast furnaces when former owner LTV closed the plant in 2001. Instead of a warm idling of the furnaces, Hauge suggested a controversial cold shut down to preserve them from the harsh winter conditions in Cleveland. Hague was always confident that a buyer would be found and the plant would be revived.

ArcelorMittal's Georgetown steel mill may see new life under prospective owner Liberty House Group. A tentative deal has been reached with UK-based Liberty House to purchase the shuttered wire rod facility, but a completed purchase agreement has not been signed.

ArcelorMittal and Marcegaglia have purchased Italian steel milll Ilva in a $2 billion deal expected to close June 30. The mill's assets will be leased by the consortium AM Investco Italy Srl for $200 million per year with payments applied to the purchase price. AM Investco will receive the steel facility free of long-term debt and liabilities, along with $1.1 billion in net working capital, according to a press release by ArcelorMittal.



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On Friday, June 16th SSAB Americas became the third U.S. plate-producing steel mill to announce a $30 per ton ($1.50/cwt) plate price increase. As with the announcements made by Nucor and ArcelorMittal earlier in the week SSAB made the increase effective immediately on transaction (spot) pricing.

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