Tag: EAF

Algoma’s net loss narrowed in the third quarter, but the company continues to be affected by US tariffs and the transition to electric-arc furnace (EAF) steelmaking. The Sault Ste. Marie, Ontario-based steelmaker reported a net loss of Canadian $129.6 million (USD$92.6 million) in the third quarter ended Sept. 30, narrowing 73% from CAD$485.1 million a year earlier. Net sales dropped 52% to CAD$249.4 million in the same comparison.

Nucor has been awarded an entire General Motors platform for exposed automotive sheet, Chair and CEO Leon Topalian said on a call Tuesday discussing the company’s third-quarter earnings. Topalian described the award as a breakthrough for Nucor in a product area he said integrated steelmakers had long dominated. Nucor plans to shift related process engineering and quality control work to its new West Virginia sheet mill as the facility ramps up, Topalian said. He said the mill would be capable of producing high-end automotive steel. Noah Hanners, executive VP of sheet products, said West Virginia automotive tons would begin customer qualifications in 2028.

Steel production is set to return to California next year. Pacific Steel Group broke ground on its Mojave Micro Mill in Kern County, just outside Los Angeles, earlier this year. It marked what California Governor Gavin Newsom recently touted as the first steel mill to break ground in the state in more than 50 years. The plant is scheduled to begin commissioning in the first quarter of 2027, and the project is expected to create ~700 jobs. Before Pacific Steel, the last mill to break ground in California was the Kaiser Steel plant in Fontana, 50 miles outside of Hollywood. The plant was built to supply the World War II effort and began operating in 1942. It eventually shut down in 1983. Today, the site is home to California Steel Industries (CSI), a joint venture between Nucor and JFE Steel. CSI is a reroller and does not melt its own steel.

Earlier this week, several steelmakers entered the market with prices for shredded, plate and structural (P&S), and heavy melting steel (HMS) up $20 per gross ton (gt) from September. Prices on prime grades were initially missing but were then reported as up only $10. This occurred in select regions, mainly in the northern tier. As the week went on, expectations were that the rest of the market would follow suit. But this has not been the case.

Nucor plans to invest $105 million to expand production at its utility towers and structures plant in Crawfordsville, Ind.

Philip K. Bell, head of the Steel Manufacturers Association (SMA), delivered the opening presentation at the fall meeting of the International Iron Metallics Association (IIMA) in Chicago this week. He touched on three key themes: Section 232, the Mesabi Metallics mill in Iowa, and the increasing importance of financial experience for leadership positions in steel.

CRU Research Principal speaks about the implication of Mesabi Metallics' proposed steel mill in Iowa.

Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.

President Trump announced that Mesabi Metallics will build the largest steel plant in the US in the state of Iowa.

With the recent surge in steel prices and the increased melt rate, the price of ferrous scrap has only marginally improved.

The proposed Hyundai-POSCO steel mill in Louisiana has been approved for up to $1.3 billion in bond financing, according to state records and local media reports.

 U.S. Steel Košice has approved an investment of €900 million (USD$1.04 billion) for a new electric-arc furnace (EAF) and air separation unit.

Hyundai Steel was scheduled to hold a ceremonial groundbreaking on its electric-arc furnace (EAF) mill in Louisiana on Friday, according to local media reports.

Algoma Steel has restarted electric-arc furnace (EAF) production in Sault Ste. Marie, Ontario, after a turbine failure at its Lake Superior Power (LSP) plant.

The 45-day outage will now take place in September instead of August, as initially planned, JSW Steel CEO Robert Simon said. 

Nucor Corp. has begun commissioning the melt shop at its new, $4 billion sheet mill in West Virginia, according to Noah Hanners, the company’s EVP of sheet. The pickle line is producing, the electric-arc furnace has been fired up, and steel production is expected soon.

Algoma Steel Inc. has halted its electric-arc furnace (EAF) in Sault Ste. Marie, Ontario, after an unplanned outage at its Lake Superior Power (LSP) plant.

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

ArcelorMittal executives said they are eyeing a potential second EAF at the company’s Calvert, Ala., operations.

Algoma’s CEO touted the company’s plate production and its focus on the Canadian market.

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

Algoma Steel narrowed its earnings loss by 13.2% in the second quarter as the company's electric-arc furnace (EAF) steelmaking ramped up further.

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.

Rocky Mountain Steel Mills said that Union Pacific Railroad received the first stick of rail from the steelmaker’s new long rail mill in Pueblo, Colo.

The US reliance on foreign pig iron has led some to eye bringing production back to our shores.

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. 

The start-up of an EAF at Port Talbot, south Wales, could be 12 months later than planned.

South Korea’s Hyundai and POSCO have chosen Italian mill equipment provider Danieli to build several installations at their proposed steel mill in Louisiana.

The prevailing sentiment for May is that #1 busheling and bundles are likely to increase. This may cause pig iron to continue its upward trajectory.

It's cliche to say it. But spring traditionally brings new hope and green shoots—whether that's looking forward to vacations or increased business activity. While I viscerally share these positive feelings, I can’t help but thinking of three areas where I'm not feeling very hopeful. Namely, the US electrical grid, the national debt, and the Iran war.