On Monday, July 21, 2014 OAO Severstal announced the sale of their two steel mills located in the United States for $2.325 billion. The two mills, Severstal Dearborn and Severstal Columbus were purchased by AK Steel and Steel Dynamics (SDI), respectively. The acquisition of the Severstal assets by two existing steel suppliers is being touted […]
Big River Steel will break ground on the new 1.6 million ton flat rolled mill some time later this month, according to their Chief Commercial Officer, Mark Bula. Construction of the new flat rolled electric arc furnace mini-mill was delayed for about a year as Big River Steel (BRS) had to wait until all air […]
“Following the doubling of steel production from 849 million tonnes in 2000 to 1.6 million tonnes in 2014, we are likely entering a period of consolidation, or at the very least, much reduced growth.” That is the opinion of Becky Hites, analyst and president of Steel-Insights, LLC in a June 7, 2014 report, Fixed Asset […]
Final financing has been approved for Big River Steel in Mississippi County, Arkansas. Construction is expected to begin in July with a formal groundbreaking ceremony in September according to a spokesperson for the Arkansas Economic Development Commission (AEDC). “It’s truly been a team effort between our investors, local and state leadership, our management team, and […]
“Following the doubling of steel production from 849 million tonnes in 2000 to 1.6 million tonnes in 2014, we are likely entering a period of consolidation, or at the very least, much reduced growth.” That is the opinion of Becky Hites, analyst and president of Steel-Insights, LLC in a June 7, 2014 report, Fixed Asset […]
Steel Market Update sources confirmed that the two Severstal North America (NA) steel mills are for sale. At 7.0 million tons of steelmaking capacity, Severstal NA is the fourth largest flat rolled steel producing mill in the United States. Rumors of the possible sale of the Dearborn and Columbus facilities had been circulating around the […]
Steel Market Update sources confirmed that the two Severstal North America (NA) steel mills are for sale. At 7.0 million tons of steelmaking capacity, Severstal NA is the fourth largest flat rolled steel producing mill in the United States. Rumors of the possible sale of the Dearborn and Columbus facilities had been circulating around the […]
In case you missed the special issue we put out on Saturday we have reproduced the article below: Steel Market Update sources confirmed that the two Severstal North America (NA) steel mills are for sale. At 7.0 million tons of steelmaking capacity, Severstal NA is the fourth largest flat rolled steel producing mill in the […]
John Correnti let loose strong criticism of the latest attempt by Nucor Steel to delay the Big River Steel project. Nucor attorney David Taggart told Osceola City council members on Tuesday that the company intends to file a lawsuit in federal court against Big River Steel under the Clean Air Act, according to a report […]
John Correnti is moving forward with his plans for Big River Steel with groundbreaking anticipated in June. The air permit for the mill had been challenged by neighboring steel mill Nucor, but was upheld by a Mississippi County judge in March. The Arkansas Pollution Control and Ecology Commission will vote on acceptance of the permit […]
The following article was written by contributing writer David Phelps. Mr. Phelps is recently retired from his duties as the Director of the American Institute for International Steel. In that capacity he had occasion to interact with the domestic steel mills. The following article contains the viewpoint of Mr. Phelps regarding Big River Steel and […]
Last week Steel Market Update published an article from one of our contributing writers, David Phelps who was the former president of the American Institute for International Steel (AIIS). The article was about Big River Steel and Nucor. You can link to the original article by clicking here. One of our readers had strong opinions […]
The following article was written by contributing writer David Phelps. Mr. Phelps is recently retired from his duties as the Director of the American Institute for International Steel. In that capacity he had occasion to interact with the domestic steel mills. The following article contains the viewpoint of Mr. Phelps regarding Big River Steel and […]
Big River Steel is cleared to begin construction. Mississippi County Judge Charles Moulton ruled in favor of the John Correnti led Big River Steel in an air quality permit lawsuit filed by rival steel-maker Nucor Corp. An air permit was provisionally granted on Sept 18, 2013 but subsequently challenged by Nucor on the basis that […]
Following an unsuccessful attempt to block the air pollution permit for Big River Steel, Nucor Corp. finds itself on the on the receiving end of tighter air pollution orders from the Environmental Protection Agency (EPA). The EPA has ordered the Louisiana Department of Environmental Quality (LDEQ) to require Nucor Steel Louisiana to take additional steps […]
I want to take a moment to thank Mark Bush, General Manager Mobile Operations for SSAB Americas as well as Brent Major of SSAB Americas for their hospitality during our tour of the SSAB Mobile steel facilities as part of our most recent Steel 101 workshop. Our group was impressed with the steelmaking as well […]
Big River Steel, in Osceola, Ark., moved a step closer to construction with the removal of a construction stay by the Arkansas Department of Environmental Quality (ADEQ). The air permit for the facility has not yet been approved but the lifting of the stay will allow the preliminary construction phase to begin. The permit was […]
Nucor Steel has filed an objection to the air quality permit issued to Big River Steel in an effort to block construction of the $1.1 billion mill. The challenge to the Arkansas Department of Environmental Quality decision will push back the ground breaking for the new steel mill to the first quarter of 2014. Big […]
A note from one of my long-time readers, “You need to get more controversial in your final thoughts. Tell us what you think.” I have taken a relatively low profile (although some might disagree) regarding my opinions on mill price negotiations – both contract and spot. So the way I will respond to my long-time […]
Big River Steel received its air quality permit from the Arkansas Department of Environmental Quality on Sept. 19, clearing the way for final financing and preparation for construction. The company plans on breaking ground between Thanksgiving and Christmas 2013. The construction of the $1.1 billion plant is projected to take 18 months and provide […]
Nucor pushes back at potential competitor Written by: Sandy Williams Arkansas lawmakers are still delving into the feasibility of offering Big River Steel a $125 million incentive package. IHS Global Analysis was hired by the State of Arkansas to provide a third-party review of the Arkansas Economic Development Commission (AEDC) cost-benefit analysis for the proposed […]
Written by: Sandy Williams The Arkansas Senate and House questioned a panel of economic development and finance officials last week on plans for the $1.1 billion Big River Steel project in Osceola, Ark. The meetings were a preliminary step in legislature approval of a $125 million bond issue for the proposed steel plant. The state’s […]
Our Steel 101: Introduction to Steelmaking & Market Fundamentals Workshop is quickly filling up. We have about 6 spots left available for our February 27-28 workshop which will be held in the Columbus, Mississippi area and include a tour of the Severstal Columbus mini-mill. You can learn more about our program on our website or […]
As if the south is not already flooded with flat rolled steel mills, Arkansas Governor Mike Beebe and Big River Steel CEO John Correnti announced earlier today that if the bonds are approved by the Arkansas legislature a new $1 billion steel mill will be built in Arkansas. Details were lacking regarding the type of […]