Tag: Blast Furnace

Cleveland-Cliffs recorded its first profitable quarter since 2024 on higher steel prices, increased sales volumes, and trade policies supportive of US mills. The Cleveland-based steelmaker swung to a profit of $152 million in Q3’2026 compared to a loss of $251 million in the same quarter last year on revenue that rose 18.5% to $5.6 billion over the same period. Prior to Q3’2026, Cliffs had not posted a profit since Q2’24, when it recorded a profit of $2 million.

Cleveland-Cliffs Inc. has rescheduled the planned reline of the C blast furnace at its Burns Harbor steel mill in northwest Indiana from mid-2027 to April 2028, company executives said. The delay allows the Cleveland-based steelmaker to keep the furnace, which has annual capacity of ~2.2 million short tons, operating while steel prices and demand remain favorable for mills, they said during the company’s third-quarter earnings call on Monday.

Electra, which seeks to make high-purity iron from a process more familiar to base metals, presented at the fall meeting of the International Iron Metallics Association (IIMA) in Chicago last week. The Boulder, Colo.-based company intends to serve iron-consuming markets in both the US and abroad. Steve Beckwith, head of technology commercialization at Electra, said the "clean" iron the company makes could eliminate the need for coal and coke in iron production.

U.S. Steel has restarted the No. 14 blast furnace at its Gary Works in northwest Indiana after a $350 million reline.

Cleveland-Cliffs said the US Department of Energy has established a framework for Cliffs to finalize negotiations and implementation plans for its Middletown Works investment. The framework rescopes the previously awarded $500 million DOE grant.

U.S. Steel reported stronger second-quarter results, with higher sales, a return to profitability, and record operating performance across key assets.

MagIron LLC has taken a major step forward in its quest to establish itself as the first large-scale US merchant pig iron producer.

U.S. Steel has flagged job loss among its concerns with a proposal presented by the Gary Common Council in Indiana.

Downstream consumers of steel account for many times the employment in steel production. Yet the tariff manufacturers in the federal government have paid scant attention to the needs of most manufacturers.

South Korean conglomerate Posco, which has expanded far beyond its original steel making activities, is to concentrate on expanding in business areas which support industrial security and supply chain resilience, Posco Chairman Chang In-hwa said. 

Cleveland-Cliffs plans to upgrade its ironmaking process at Middletown Works, according to a permit filing with the Ohio EPA.

Cleveland-Cliffs Inc. executives on Monday detailed a series of operational moves aimed at improving efficiency, lowering costs, and tightening the company’s production footprint.

What a local media report described as an "explosion" on Friday night at U.S. Steel's Gary Works in Northwest Indiana has not disrupted production or resulted in any injuries, that company said.

U.S. Steel has confirmed the restart of the B blast furnace at its Granite City Works near St. Louis.

U.S. Steel confirmed it is in the process of restarting one of its two Granite City Works blast furnaces. Local media reports suggest iron- and steelmaking will have resumed over weekend.

I grew up in Belo Horizonte, the capital of Minas Gerais in southeastern Brazil, surrounded by the Serra do Curral mountains, and a culture steeped in mining and vast iron ore reserves.

The final charge of Algoma Steel’s #7 blast furnace occurred on Saturday, as the company transitions to fully electric-arc furnace (EAF) steelmaking.

ArcelorMittal Mexico announced it has restarted the blast furnace at its Lazaro Cardenas steel mill in the state of Michoacan on Mexico's Pacific coast.

The Bureau of Land Management (BLM) has provided Warrior Met Coal official permits for expanding its Tuscaloosa, Ala.-based mining projects.  

Algoma Steel Group Inc. is preparing to report another significant quarterly loss as it winds down its blast furnace operations and ramps up electric-arc furnace steelmaking.

U.S. Steel has begun the process of restarting the 'B' blast furnace at its Granite City Works near St. Louis. “After several months of carefully analyzing customer demand, we made the decision to restart a blast furnace,” U.S. Steel President and CEO David B. Burritt said in a statement on Thursday afternoon.

Canada’s Algoma Steel announced ~1,000 layoffs on Monday as a result of disruptions from the US tariff situation.

Nippon Steel is making good on the big capex promises it made to secure its purchase of United States Steel Corp. This week, the Japanese company and American steelmaker together unveiled various capital investments they plan to make across U.S. Steel’s footprint.

In the Americas, the ongoing conversion to EAF melting is driving demand for prime grades of scrap and increased use of ore-based metallics

Upended by the Trump regime's tornado of tariffs, Algoma Steel is pivoting on its cross-border business model, shifting its focus to supplying the Canadian market.

“We are committed to bring the hot-end back to full operation. The goal is to bring back to work all employees of the currently idled units as soon as we can," Chairman, President, and CEO Lourenco Goncalves said in a letter to colleagues on Wednesday.

Truchas works in Lazaro Cadenas, Michoacan, western Mexico. Repairs may take up to six months.

A scrap trader looks back fondly at blast furnace steelmaking.

Cleveland-Cliffs is idling blast furnace, BOF shop, and continuous caster functions at its Dearborn plant, but downstream operations will remain unaffected, the company confirmed.   Cliffs said its pickling line tandeom cold mill (PLTCM) and its extra wide automotive-grade galvanizing line for exposed parts will continue operations at the Dearborn, Michigan-based facility.

SEC documents also name Trump specifically as having veto power certain decisions are part of the “Golden Share” provision.