Written by: Sandy Williams This year Nucor plans to spend $280 million on its Louisiana DRI facility and approximately $260 million towards its natural gas related investments. Essar Steel Minnesota is in talks to build a joint venture DRI plant. Voestalpine and Northstar Bluescope Steel are both considering DRI facilities. Severstal just postponed a DRI […]
Written by: Sandy Williams Day one of the SMU Steel 101: Introduction to Steelmaking & Market Fundamentals workshop ended by rubbing shoulders with our mill hosts at a cocktail party at our hotel. This was my first opportunity to speak to the General Manager of the Severstal Columbus plant as well as a number of […]
Written by: Damon Sun, Daido International The Far East and Asian markets are in a definite flux versus the USA market. I will preface my explanation with, the ferrous scrap markets in Asia increased in February first while the USA scrap markets were down in February. With that in mind, the scrap markets in North […]
Written by: John Packard & Sandy Williams Steel Market Update is adding more strength to our newsletter and website team. Peter Wright will be joining SMU in a writing/analysis capacity with special emphasis on the development of steel and economic indicators which will be of value in forecasting future steel needs in both the flat […]
Our next Steel 101 workshop is looking like another well-rounded group with representatives from the manufacturing sector, service centers, metal building, scrap companies, steel mills and one of our own (Sandy Williams). We have had freight and railroad companies express interest, trading companies, the AIIS, rebar companies, full-line service centers, electrical companies, mining companies, steel […]
Written by: Sandy Williams At least eight new steel plants are under construction in Asia (not including India) that will increase the annual output capacity of steel in Asia by 100 million tonnes within the next few years. Currently China accounts for nearly 50 percent of global steel demand with its own annual output capacity […]
Steel Market Update (SMU) has developed an exceptional basic steel training program covering the steel industry (flat and long products). Our two day workshop, which we call – Steel 101: Introduction to Steelmaking & Market Fundamentals – is meant to provide a comprehensive review of the way steel is made by the blast/BOF or electric […]