CRU: Gerdau mulls new steel mill in Mexico
Brazil-based Gerdau has announced it will carry out a feasibility study into the greenfield development of a 600,000 metric-ton-per-year (mt) special steel plant in Mexico.
Contributor: CRU
CRU: Size matters – BHP’s bid to be the global mining behemoth
If successful in its overtures to Anglo American, BHP will create the world’s largest diversified miner by a country mile. The rationale for this merger is scale and in mining, size matters.
CRU: SSAB to switch to CO2-free EAF steelmaking at Lulea works
Directors of Swedish steelmaker SSAB have decided to replace blast furnace-based steelmaking at Lulea with a ‘green steel’ mini-mill process.
CRU: Baltimore bridge collapse affects more than half of US thermal coal exports
A container ship collided with the Francis Scott Key Bridge in Baltimore on March 26, causing it to collapse. This has blocked sea lanes into and out of Baltimore port, which is the largest source of US seaborne thermal coal exports. The port usually exports 1–1.5 million metric tons (mt) of thermal coal per month. It is uncertain when sea shipping will be restored. But it could be several weeks or more. There are coal export terminals in Virginia, though diversion to these ports would raise costs.
CRU: Court Accepts AHMSA's Bankruptcy Request, Investors Named
A Mexican court has declared steel sheet producer Altos Hornos de Mexico (AHMSA) bankrupt and appointed the National Chamber of Commerce of Muzquiz city, Coahuila state, as trustee. The determination, published in the country’s Official Gazette on April 17, follows the company filing a bankruptcy petition in January. The civil first court of the first instance in […]