SMU is pleased to announce that our next Community Chat will feature Jefferson Shaw, vice president of strategy for Evraz North America. Mark your calendar for Wednesday, Dec. 1, at 11 a.m. ET (10 a.m. CT). And click here to register. It’s free. We’ll talk about Evraz NA’s plans to run its steel mill in […]
Earnings season is (mostly) done and dusted, so I’d like to turn your attention to another season: M&A announcement season. Bankers like to get deals done before Christmas. And I think there is a decent chance that any deals in the pipeline now are announced in the next month or so. Also, while spot prices […]
Evraz steel sales dropped in the third quarter as a strong showing from its North American operations only partially offset weaker demand as well as logistics and maintenance issues in Russia. The sales drop in Russia resulted in part from a slowdown in the local construction market. It also stemmed from bad weather and difficulty […]
A BP joint venture has brought $285 million in private money to the table to fund Evraz North America’s goal of creating the first steel mill to run almost entirely on solar energy. Officially known as Bighorn Solar, the project will provide energy infrastructure for the Chicago-based steelmaker’s electric arc furnace (EAF) mill in Pueblo, […]
Steel and metals companies need to up their cybersecurity game as digital thieves increasingly shift their focus from sophisticated data breaches to high-volume ransomware attacks. And doing so isn’t just the right thing to do, it might soon be required for insurance purposes and to qualify for Defense Department work, said Mike Del Giudice, principal […]
Evraz North America (NA) has followed other domestic mills in raising prices for steel plate. The increases are effective immediately for all new orders, the Chicago-based steelmaker, a subsidiary of London-based Evraz Plc, said in a letter to customers dated Monday, Sept. 27. Evraz NA is increasing transactions by at least $80 per ton ($4 […]
At least two U.S. plate mills – SSAB Americas and Evraz North America – have followed Nucor in raising plate prices. SSAB has increased prices by $85 per ton (Canadian $105 per ton) for commercial, non-quenched-and-tempered (Q&T) product and by $170 per ton (C$215 per ton) for Q&T material. “These increases are to be applied to […]
Just because all major U.S.-based steel mills have reported quarterly results doesn’t mean that earnings season is over. Results from mills based abroad are coming in. And those of you still paying attention to earnings might have noticed a change in tone between when Steel Dynamics kicked things off on July 19 and when Evraz […]
Steel prices can’t go up forever and could correct downward from their historic highs later this year, steelmaker Evraz said. “Steel prices look unsustainable at current levels and there is a possibility of a gradual price decline in the coming months,” the company said in outlook commentary released with earnings data on Thursday, Aug. 5. […]
In a trading update for Q2 2021, Evraz reported favorable market conditions and a 6.1% increase in sales over the first quarter. Although demand remained high in North America throughout the quarter amid a rapid economic recovery from the pandemic, fewer imports and relatively low levels of distributor inventory impacted overall sales in the region. […]
SSAB Americas aims to increase plate prices by $150-200 per ton ($7.50-$10 per cwt) effective immediately. The $150-per-ton price hike applies to as-rolled mill plate and coil as well as to cut-to-length plate more than 72 inches wide, the steelmaker said in letters to customers on Monday, July 26. The $200-per-ton increase is for all […]
At least two North American plate producers have announced price increases of $120-160 per ton ($6-8/cwt). Nucor – the largest steelmaker in the U.S. – in a leading move announced the increase along with the opening of its September order book for plate. The increase – announced on Tuesday, July 20 – marks at least the third […]
Evraz North America has broken ground on a new $500 million rail mill at its steelmaking complex in Pueblo, Colo. The expansion – expected to result in the most modern rail mill in North America – is slated to be completed in 2023, the company said. It will allow Evraz to make 300-foot rail segments that […]
Canada has launched an anti-dumping trade case against oil country tubular goods (OCTG) from Mexico. The probe stems from a complaint filed by Regina, Saskatchewan-based Evraz Inc. NA Canada and Concord, Ontario-based Welded Tube of Canada, according to documents from the Canada Border Services Agency (CBSA). The CBSA, which initiated its investigation on June 30, […]
Evraz North America aims to resume steelmaking operations at its mill in Pueblo, Colo., the week of June 21, a company spokesman said. Rolling operations are likely to restart shortly thereafter, he said. An explosion at the Pueblo steel mill in late May disrupted production and resulted in eight people being injured, three critically. Seven […]
An explosion over the weekend at Evraz North America’s steel mill in Pueblo, Colo., injured eight people, three of them critically, a union official told Steel Market Update. The resulting damage will disrupt production at the mill given that its electric arc furnace (EAF) feeds three downstream operations, some of which do not have an […]
SSAB Americas and Evraz North America have followed Nucor in increasing plate prices by at least $100-150 per ton ($5-7.50/cwt). Both steelmakers said their price hikes were effective immediately in letters to customers dated Thursday, May 20. SSAB said the $100-per-ton increase applied to as-rolled mill plate and coil as well as to cut-to-length plate more […]
SSAB Americas and Evraz North America have followed Nucor in increasing plate prices by at least $100-150 per ton ($5-7.50/cwt). Both steelmakers said their price hikes were effective immediately in letters to customers dated Thursday, May 20. SSAB said the $100-per-ton increase applied to as-rolled mill plate and coil as well as to cut-to-length plate more […]
Ken Neumann, United Steelworkers National Director for Canada, will retire at the end of his term on March 1, 2022, after serving 18 years as director. “I am very proud of the work we have been able to accomplish as Steelworkers – we have improved the work lives, safety and well-being of hundreds of thousands […]
Companhia Siderúrgica do Pecém (CSP) has delayed a scheduled shutdown of its blast furnace until the second half of 2021, a company spokeswoman said. The Brazilian steelmaker had originally planned to undertake the shutdown, necessary to implement “processes improvement,” in the second quarter of this year. “The initial date was postponed mainly due to the […]
Flat-rolled steel imports to the United States rebounded in February, weighing in at their highest monthly total in more than a year. Hot-rolled imports, meanwhile, hit their highest point in more than two years, according to Commerce Department figures. And the trend is only just getting started, according to some market participants. The U.S. was […]
SSAB has increased plate prices by $80 per ton ($4/cwt) for U.S. customers and C$100 per ton for customers in Canada. The price hike is effective immediately and applies to all new non-contract orders of as-rolled mill plate, cut-to-length plate more than 72 inches wide, hot rolled coils more than 72 inches wide, normalized plate […]
Evraz North America has followed Nucor in increasing plate prices by at least $70 per ton ($3.50/cwt). The steelmaker said that the increase–$90 CAD for customers north of the border–was effective immediately and that it applied equally to all carbon, high-strength low-alloy, hot-rolled coil, normalized, and quenched-and-tempered products, according to letters to customers on Feb. […]
Evraz North America has followed Nucor and SSAB Americas in increasing plate prices by at least $80 per ton ($4/cwt). The steelmaker said that the increase was effective immediately and that it applied equally to all carbon, high-strength low-alloy, hot-rolled coil, normalized, and quenched-and-tempered products, according to a letter to customers Jan. 26. “We reserve the […]
Evraz North America (NA) has followed Nucor in increasing plate prices by at least $140 per ton ($7/cwt). The steelmaker said that the increase was effective immediately and that it applied equally to all carbon, high-strength low-alloy, hot-rolled coil, normalized, and quenched-and-tempered products, according to a letter to customers Jan. 6. “We reserve the right […]
A cybersecurity attack at Canadian steel producer Stelco is a reminder to all in the steel industry to secure and protect their data and operations. Stelco announced Monday that it was the victim of a criminal attack on its information systems. Immediate countermeasures were implemented that limited the scope of the attack, but certain operations, […]
The 2020 pandemic has caused more disruption to the global energy sector than any other event in recent history, says the International Energy Agency in its newest World Energy Outlook. “Whether this upheaval ultimately helps or hinders efforts to accelerate clean energy transitions and reach international energy and climate goals will depend on how governments […]
We have passed through 700 registered attendees for this year’s SMU Virtual Steel Summit Conference. Activity has been high and we are confident we will reach our 800+ registered attendee goal. We will be the largest steel conference (live or virtual) in North America this calendar year. Those who have seen our platform are excited. […]
We have passed through 700 registered attendees for this year’s SMU Virtual Steel Summit Conference. Activity has been high and we are confident we will reach our 800+ registered attendee goal. We will be the largest steel conference (live or virtual) in North America this calendar year. Those who have seen our platform are excited. […]
By CRU Analyst Iris Speelmanns, from CRU’s Steelmaking Raw Materials Monitor The following is excerpted from CRU’s weekly report on steel supply disruptions and restarts. Several weeks after national lockdowns were eased, activity in steel-consuming sectors continues to resume and mills are restarting or ramping up production in some regions. Outside China, the spread of […]