Tag: EAF

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.

GrafTech International reported a wider net loss in the first quarter. However, it expects demand for graphite electrodes to "improve modestly" in the rest of 2026.

France’s Air Liquide is investing more than $350 million to expand industrial gas production and infrastructure in support of the proposed Hyundai-POSCO EAF mill in Louisiana.

Hyundai Steel and France-based Fives Group announced the signing of a contract for coil finishing lines for the Hyundai-POSCO joint steel mill proposed in Louisiana.

The US scrap market has largely settled at prices most predicted in late March. The prevailing view then: shredded and other obsolete grades, like HMS, would drop $10-20 per gross ton (gt) despite higher transportation costs. And prime grades, like #1 busheling and bundles, would trade sideways thanks to better demand and static supply. This is essentially what has happened.

Steel Dynamics Inc. (SDI) has announced that Richard “Dick” P. Teets, Jr. and Gabriel L. Shaheen will be retiring from the company’s board of directors effective as of its 2026 Annual Meeting of Shareholders on May 6.

The layoffs at Algoma Steel’s integrated facility went into effect today. Going forward, it will use the electric arc furnace (EAF) for producing its steel.

U.S. Steel has issued a bid solicitation for the site of its new $4 billion mini mill, and Michigan is in the running, the company’s top executive recently told Crain’s Detroit Business.

Algoma Steel said the Section 232 tariff shock continues to shape its business model. The 50% US duty effectively shut the company out of its largest export market, forcing a structural pivot toward Canada.

Algoma Steel Inc. added to its mounting losses during the fourth quarter. Sales and shipments plummeted as ongoing trade tensions between Canada and the US force the Sault Ste. Marie, Ontario-based steelmaker to reconfigure its entire business model.

Tenaris has closed on its buy of a Beaver Falls scrap processing yard in Pennsylvania.