SSAB Americas will hold its raw materials surcharge, or RMS, on #1 Heavy Melting Scrap (HMS) unchanged effective July 31 on all spot orders and all contractual agreements. The Mobile, Ala-based steelmaker said the sideways move was due to a declining HMS #1 price tag, which is currently valued at $351 per gross ton, and […]
The United Steelworkers (USW) and United States Steel Corp. got underway with master contract bargaining talks this week, and they got straight down to business, according an update sent to union members. The USW struck a hopeful tone in early talks with Cliffs. The tone in an update on bargaining with USS was more business-like. The notice […]
The United Steelworkers (USW) and Cleveland-Cliffs Inc. both seem eager to get a new labor pact done quickly, with potentially few hurdles along the way, statements by both parties indicate. The USW provided members with an upbeat report following an initial round of master contract bargaining with the Cleveland-based steelmaker. Meetings were held in Pittsburgh […]
Members of the USW Local 8782-03, responsible for Canadian steelmaker Stelco’s pickling operations at its Lake Erie Works in Nanticoke, Ont., have voted overwhelmingly in favor of a strike authorization, according to a USW update. The strike mandate vote revealed 98.6% of Local 8782-03 in support of their negotiating committee, which is currently in collective […]
With markets becoming more regional and localized, having a solid supply chain is critical in business today, and Majestic Steel’s latest acquisitions are helping the company create just that for its current and future customers. Majestic, a Cleveland-based prime flat-rolled steel service center and processor, has just completed the acquisition of two more companies to […]
Combining its recent acquisitions in pallet rack manufacturing and manufacturing and integration services, Charlotte, N.C.-based steelmaker Nucor Corp. has launched its newest division, Nucor Warehouse Systems. In August 2021, Nucor purchased Hannibal Industries, a national provider of steel racking solutions headquartered in Los Angeles, for $370 million. In April of this year, Nucor added Elite […]
Contract negotiations between Stelco and the United Steelworkers union are progressing slowly, and as a result, a third group of Stelco steelworkers has filed for conciliation and scheduled a strike mandate vote, a union official said. Members of the USW Local 8782-03, responsible for Stelco’s pickling operations, have now joined the USW Local 8782 and […]
ArcelorMittal Mexico has started up a new hot skin pass mill at its new hot rolling mill in Lázaro Cárdenas, Michoacán. The hot skin pass mill has come into operation seven months after the new $1 billion, 2.75-million-short-ton-per-year hot rolling mill produced its first coil. “We are very happy to reach today an important step […]
As it prepares to take over the two blast furnaces at US Steel’s Granite City Works in Illinois, SunCoke Energy is joining the contract negotiations in Pittsburgh that started this week between US Steel and the United Steelworkers union. It was announced last month that SunCoke and US Steel have signed a non-binding letter of […]
Evraz North America has completed fracture toughness testing of its high-frequency welded line pipe for use in hydrogen transmission. The tested line pipe was produced from steel melted at Evraz’s EAF steel mill in Regina, Sask., Canada, and the welded pipe was also completed at the Regina mill. The company expects to complete full qualification […]
A second local United Steelworkers (USW) chapter at Algoma Steel has voted to authorize a strike. Local 2274 held a vote on the matter late last week, and 95.1% voted in favor of a strike mandate, according to an update to union members. Algoma, a Canadian sheet and plate mill, is represented by two unions: […]
The United Steelworkers (USW) is preparing to start master contract bargaining with US Steel in the first half of July, according to communications sent to union members. Local union chapters will send representatives to the master negotiations, which are being held in Pittsburgh and which will likely begin next week, a union spokesman told Steel […]
The local United Steelworkers (USW) chapter representing hourly workers at Algoma Steel has voted nearly unanimously to authorize a strike. Local 2251 held a vote on the matter on Monday, July 4, and 99% voted in favor of a strike mandate, according to an update to union members. Algoma, a Canadian sheet and plate mill, […]
ArcelorMittal SA has completed a deal to acquire an 80% stake in a south Texas hot-briquetted iron (HBI) plant built by Austrian steelmaker Voestalpine. The Luxembourg-based steelmaker said the deal was finalized following the receipt of customary regulatory approvals on Thursday, June 30. The agreement, announced in April, values the HBI plant – located near […]
The United Steelworkers (USW) is preparing to start master contract bargaining with Cleveland-Cliffs Inc. in mid-July, according to communications sent to union members. Local union chapters will send representatives to the master negotiations, which are being held in Pittsburgh. The USW’s current labor pact with the Cleveland-based steelmaker expires on Sept. 1. Talks will focus […]
Approximately 950 jobs could be lost at US Steel’s Granite City Works near St. Louis once the mill stops making steel, a company spokeswoman confirmed. The Pittsburgh-based steelmaker currently employs approximately 1,500 people at the mill. There would be an estimated 550 employees when the shift to pig iron production happens in 2024. “There is […]
The union representing Stelco’s Lake Erie Works in Nanticoke, Ontario, said labor talks would continue past the expiration of the current contract on Thursday. United Steelworkers (USW) Local 8782 said that the terms of the old contract, which expires on June 30, would remain in effect as negotiations continued. “Members are required to continue to […]
A second United Steelworkers union local has voted to authorize a strike at Canadian flat-rolled steelmaker Stelco. USW Local 8782, which represents the company’s steel mill in Nanticoke, Ontario, said 99.1% of its members voted on Monday in favor of the strike mandate. The moves comes after USW Local 1005, which represents Stelco’s Hamilton Works, earlier […]
US Steel plans to stop making steel at its Granite City Works near St. Louis in the second half of 2024, a company spokeswoman told Steel Market Update on Tuesday. The Pittsburgh-based steelmaker expects that the mill’s blast furnaces will switch over to pig iron production as part of a deal with SunCoke Energy Inc., […]
Steel Dynamics Inc. (SDI) announced today the creation of a joint venture with Aymium, a producer of renewable biocarbon products. Operating under the name SDI Biocarbon Solutions, LLC, SDI will hold a 55% stake and Aymium owns the remaining 45%. The company plans to create a biocarbon production facility to supply SDI’s electric arc furnace […]
Nucor Corp. completed its $3 billion acquisition of C.H.I. Overhead Doors from KKR & Co. Inc. C.H.I. is a manufacturer of residential and commercial overhead and rolling doors, also known as garage doors. It serves US and Canadian markets. The deal expands the Charlotte, N.C.-based steelmaker’s long-term strategy to expand its manufacturing model to provide […]
Business is booming for global metals plant technology and equipment provider SMS group Inc. amid growing demand for decarbonization and recycling technologies. Order intake during 2021 for the Düsseldorf, Germany-based company was at its highest level in ten years at €3.5 billion. This year that number is expected to be comparable, with the company expecting […]
Canadian flat-rolled steelmakers Stelco and Algoma face looming summer contract expirations with the United Steelworkers (USW) union. That’s well ahead of US mills, whose contracts with the USW don’t expire until Sept. 1. Here is where things stand now: Stelco The most pressing deadline is at Hamilton, Ontario-based Stelco, whose five-year agreement with the USW […]
Worthington Industries reported sharply lower profits for both its fiscal 2022 fourth quarter and its full fiscal year ended May 31, 2021. The Columbus, Ohio-based manufacturer and service center said the drop resulted partly from inventory holding losses at its steel processing division. All told, Worthington reported net earnings of $80.3 million in its fiscal […]
An innovative and collaborative study to capture carbon emissions and inject them into concrete products for permanent storage will soon begin at US Steel’s Gary Works in northwest Indiana. The University of Illinois Urbana-Champaign’s Prairie Research Institute will lead the study after receiving a research reward of almost $3.5 million from the US Department of […]
Gary, Ind.-based Alliance Steel, a flat-rolled coil service center and toll processor, appoints Andrew “Drew” Gross as president and chief operating officer. He will assume his new role effective July 1, the company said. Gross, who has been with Alliance for more than 15 years, held several senior positions within the company, including merchandising, sales, […]
Despite falling prices and declining lead times for galvanized sheet, overall demand is still generally strong and a good reason for optimism, according to members of the Heating, Air-Conditioning & Refrigeration Distributors International on this month’s call of HARDI’s Sheet Metal/Air Handling Council. One HARDI member in the Rocky Mountain region noted that his company […]
SSAB and Shape Corp., have partnered to deliver fossil-free steel crash management and body structure systems to the US market, the steelmaker said. The Grand Haven, Mich.-based tier-one automotive supplier of lightweight body structures, will be testing SSAB’s HYBRIT steel – made from hydrogen-reduced sponge iron – for use in automotive applications. “We are excited […]
Evraz North America is idling production of large-diameter pipe at its Regina, Saskatchewan, mill due to market conditions, resulting in the layoff of hundreds of Canadian employees. “Although our overall business is strong, including demand for our other steel products, the large-diameter pipe market has been soft,” a company spokeswoman told SMU in an email on […]
US Steel Corp. expects its performance to be an all-time best for the second quarter, with all its business segments producing EBITDA similar to or better than the already strong first quarter. Second quarter EBITDA is anticipated to be approximately $1.6 billion, up from $1.337 billion in the first quarter. Adjusted net earnings per diluted […]