PGT Trucking has delivered its inaugural shipment of low-greenhouse gas (GHG) steel via electric vehicle from Nucor’s Brandenburg, Ky., plate mill to a nearby fabricator. The Aliquippa, Pa.-based flatbed transportation company said its truck was a Nikola Class 8 battery-electric vehicle. The three companies commemorated the first-ever shipment of low GHG intensity steel by a Class 8 zero-emissions […]
Swedish steelmaker SSAB is urging ambitious standards for the steel industry’s transition to green steelmaking as the EU-US Trade and Technology Council (TTC) meeting takes place in Luleå, Sweden, on May 30-31. Martin Lindqvist, president and CEO of SSAB, said that to succeed in the transition, effective frameworks, political leadership, and action are needed. “It is also […]
Nucor Corp. will keep plate prices unchanged with the opening of its July order book. The sideways move by the steelmaker comes after it increased plate prices in March and April, by $50 per ton ($2.50 per cwt) and $40 per ton ($2.00 per cwt), respectively, according to SMU’s steel mill price increase calendar. The Charlotte, N.C.-based steelmaker […]
Cleveland-Cliffs has been granted state mineral leases for over 2,600 acres of iron ore in Itasca County, Minn., the company announced on May 25. The leases are at the Nashwauk mine site located in the Iron Range region, just north of Grand Rapids, Minn. Cliffs said this approval is a final action and the company has now […]
Nucor announced a reorganization of its plate mill group, including the closure of Nucor Steel Longview and a production shift to its new mill in Brandenburg, Ky. The production phase out at the 100,000-ton-per-year mill in Longview, Texas, will occur in the third quarter of this year, Nucor said in a statement on Wednesday, May […]
Teamsters Local 332 members at Alro Steel’s facility in Flint, Mich., have approved their most recent collective bargaining agreement. The union said the four-year agreement includes significant improvements, including a 10% average wage increase in the first year of the contract, improved protections for mandatory overtime, and the maintenance of health care benefits. Additionally, the […]
As pricing and lead times continue to drop, buyers are keeping a close eye on the market, according to members of the Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) speaking on the Tuesday, May 23, meeting of its Sheet Metal/Air Handling Council. Cautious optimism carried over from April’s meeting. Currently, 90% of galvanized buyers say […]
Indian steelmaker JSW reported its results for its fiscal fourth quarter and financial year ended March 31, noting a sequential rise in quarterly shipments and sales at its JSW Steel USA operations. JSW Steel USA’s Mingo Junction, Ohio, mill operated at 64% of capacity during Q4, producing 86,203 metric tons of HRC and 231,908 metric […]
Nucor has taken another step toward using nuclear power to fuel its electric-arc furnace (EAF) steel mills. The Charlotte, N.C.-based steelmaker has signed a memorandum of understanding (MoU) with NuScale Power to evaluate co-locating NuScale’s VOYGR™ small modular nuclear reactor (SMR) power plants near Nucor’s mills. Doing so would provide carbon-free electricity to the mills […]
Buildings supplies distributor MacArthur Co. has completed its acquisition of American Metals Supply. American Metals, a steel products distributor, will operate as an independent subsidiary with the same team, product line, marketing presence, and locations. Financial terms of the deal were not disclosed. “We both have a strong heritage as successful distribution businesses that share […]
Cleveland-Cliffs is preparing to lay off approximately 300 workers at its Weirton, W.Va., tin mill operations in June due to “dumped and subsidized imports,” according to a press release from Sen. Joe Manchin (D-W.Va.). The Cleveland-based steelmaker invested more than $50 million over two years in the Weirton plant to increase production. Census data indicates that […]
Executives from leading US steel companies sat down to discuss some of the challenges ahead of what appears to be a very bright future for the industry at AISTech 2023’s Town Hall Forum in Detroit on Wednesday, May 10. Panelists included Traci L. Forrester, Cleveland-Cliffs’ EVP, environmental and sustainability; Richard L. Fruehauf, SVP – chief […]
Nucor has announced that Brad Ford will be promoted to EVP of fabricated construction products effective May 14. “Brad is an exceptional leader who consistently delivers strong results,” Leon Topalian, Nucor chair, president, and CEO, said in a statement on Friday. “His experience in the industry for more than 20 years has positioned him well to take on this challenging […]
Canadian flat-rolled steelmaker Stelco swung to a loss in the first quarter on lower selling prices and increased costs. The Hamilton, Ontario-based steelmaker said that increased shipments weren’t enough to offset those headwinds. It predicted better times in the second quarter. “Prices in the second quarter have improved to more favorable levels, lead-times have normalized, […]
Decarbonization was the order of the day at the AISTech 2023 President’s Award Breakfast on Tuesday. Other issues highlighted included workforce availability and bringing more women into the steel industry. With over 1,300 attendees present at the breakfast in Huntington Place in Detroit, and hundreds more watching online, the AIST Board of Directors Awards were […]
Mississauga, Ontario-based service center group Russel Metals reported sequential improvement in its business segments in the first quarter, while results weakened year over year. The company reported Q1 net income of Canadian $73.9 million (US$55.2 million) on sales of nearly CA$1.2 billion compared to net income of CA$98.7 million on sales of CA$1.34 billion in […]
When gas is restored to Altos Hornos de México’s (AHMSA’s) plants, operations could restart at the Mexican steelmaker as early as next week, and within six weeks steel production could be at a good level, according to comments by AHMSA’s CEO in a Mexican media report. However, although Daniel Chapman, founder and CEO of investment fund […]
Cleveland-Cliffs has successfully completed a hydrogen (H2) injection trial at its Middletown Works blast furnace in Ohio. “This groundbreaking introduction of hydrogen gas as an iron-reducing agent in the blast furnace is the first-ever use of this carbon friendly technology in the Americas region,” the Cleveland-based steelmaker said in a statement on Monday. Cliffs noted […]
A senator from West Virginia believes the US Army Corps of Engineers’ permitting process for Nucor’s planned mill in Mason County is dragging on too long. “I absolutely think it’s moving too slowly,” Sen. Shelley Moore Capito (R., W.Va), said during a virtual press conference with reporters on Thursday, according to Huntington, W.Va.’s The Herald-Dispatch. […]
Cleveland-Cliffs said Friday its employees represented by the International Association of Machinists and Aerospace Workers (IAM) Local 1943 at its Middletown Works in Ohio have ratified a new four-year labor agreement. The Cleveland-based steelmaker said the agreement is effective on May 15, and covers approximately 2,100 hourly employees. A tentative labor deal was reached in […]
Olympic Steel’s first-quarter net earnings slid 73% from the same period last year, but the company sees customer demand remaining steady through the second quarter despite economic uncertainties. The Cleveland-based metals service center reported net income of $9.9 million in Q1, off from $37.3 million in the same period last year, on net sales that […]
Cleveland-Cliffs has progressed in its attempt to secure iron ore mineral leases at its land near Nashwauk, Minn. An agreement has been reached with the Minnesota Department of Natural Resources (DNR) and is up for review by the Minnesota Executive Council on May 25, Lourenco Goncalves, Cliffs’ chairman, president, and CEO, said in a statement […]
The most recent cycle of destocking has ended, ArcelorMittal said, with first-quarter sales and shipments rising notably from the prior quarter, boosted by strength in the North American region. Those figures remain lower, however, compared to highs seen in the year-ago quarter. The Luxembourg-based global steelmaking giant posted Q1 net income of $1.096 billion, a […]
A federal judge in Mexico ordered that the electricity be restarted at Altos Hornos de México’s (AHMSA’s) steel mills, according to Mexican media reports. Crews from the Comisión Federal de Electricidad (CFE) started working on Monday to restore the electricity to the two mills in Monclova, Coahuila, according to a report from Mexico’s Radio Zócalo on Tuesday, […]
Lower metal prices resulted in a 15% year-on-year decline in first-quarter sales for Duisburg, Germany-based service center group Klöckner & Co. Klöckner, which has a large presence in the US, had warned of lower metals prices in its Q4 earnings report. Q1 sales still amounted to €2.08 billion million (US$2.29 billion), but earnings fell into […]
Alro Metals Outlet has opened a new retail location in northern Indiana. The new 17,500-square-foot outlet located in Elkhart, Ind., stocks a variety of carbon steel, aluminum, stainless steel, tool steel, copper, brass, and plastic products. Alro aims to make metal buying simple for businesses and individual customers with its outlet locations, where no minimum […]
JSW Steel USA plans to invest at least $119.4 million at its Mingo Junction, Ohio, steel plant for upgrades to enhance service to the growing renewable energy and infrastructure sectors, company, federal, state, and local officials said on Tuesday. This confirms a report from last month that the company was planning to invest ~$160 million in the […]
ArcelorMittal is expecting to soon bring two of its European blast furnaces (BFs) back online after two-month, unplanned outages. A spokesperson for the Luxembourg-based company told SMU that they anticipate the BFs, one in Spain and one in France, to be back up and running between the end of this month and the beginning of […]
Ryerson saw strong shipments on better-than-expected demand during the first quarter, but weaker prices resulted in lower earnings for the Chicago-based service center group. “Ryerson produced good operating results during a period of better-than-expected composite demand and price support,” company president and CEO Eddie Lehner said. Q1 sales of $1.4 billion increased 9.2% sequentially, driven […]
Saudi Arabian energy company Aramco, the Public Investment Fund (PIF), and China’s Baoshan Iron & Steel (Baosteel) signed an agreement on May 1 to build a steel plate manufacturing facility in Saudi Arabia. The operation is expected to have a plate production capacity of up to 1.5 million tons per year, Aramco said. It will […]