Consolidation of its Calvert operation supported ArcelorMittal's North American operations in the third quarter, despite ongoing Section 232 tariffs and outages at facilities in Mexico.
With the marking of the EAF’s first heat earlier this month, the mill has moved from a rerolling and finishing mill to a full steelmaking facility.
Cleveland-Cliffs Inc. gushed red ink in the first quarter, and pledged to stem the bleeding by idling inefficient, “loss-making operations” and increasing focus on its core automotive business.
The facility at AMNS Calvert will be the first EAF in North America capable of supplying exposed automotive grades with domestically melted and poured material.
AM/NS Calvert has begun commissioning its new electric-arc furnace, with plans to reach its full annual run rate of 1.65 million short tons a year from now.
ArcelorMittal is targeting a minimum base price of $800 per short ton (st) for hot-rolled coil. The steelmaker is also seeking $1,050/st for cold-rolled product and $1,000/st for coated material, according to a letter to customers dated Wednesday.
ArcelorMittal’s earnings saw notable declines from a year earlier as the company said market conditions remain challenging.
ArcelorMittal is set to take full ownership of AM/NS Calvert if Nippon Steel finalizes its pending acquisition of U.S. Steel.
Fall is coming in North America, and with it, steel mills' regularly scheduled fall maintenance outages.
Steel industry veteran Mark Bush announced he will be joining AM/NS Calvert as area manager steelmaking.
AM/NS Calvert has announced Chris Richards as interim CEO during the company's transition period.
AM/NS Calvert CEO Chuck Greene has announced his retirement as CEO, effective March 15.
Nippon Steel will acquire U.S. Steel in a deal valued at $14.9 billion, or $55 per share, the two companies announced on Monday morning. The Japanese steelmaker will keep U.S. Steel's iconic logo and its Pittsburgh headquarters, the companies said.
AM/NS Calvert will continue providing hot rolling tolling services for Outokumpu for the time being.
ArcelorMittal’s earnings declined in the third quarter of 2023 both sequentially and on-year.
ArcelorMittal joins U.S. Steel and Cleveland-Cliffs, pushing sheet prices higher, according to an internal commercial memo on Oct. 31.
ArcelorMittal and Stelco joined last week’s move by domestic mills to push sheet prices higher.
This week could be a big one for steel, or at least for the steel rumor mill. For starters, there is renewed speculation that an announcement about the U.S. Steel sales process could be in the works. The rumor mill is also churning fast when it comes to the duration of the UAW strike and […]
We’ve been busier than usual lately covering two major events (in addition to our pricing and data services) – the potential sale of U.S. Steel and the United Auto Workers (UAW) union strike. Let’s review some possible developments in each. U.S. Steel Sale – Back in the Headlines We learned last week that Stelco had […]