Tag: Northstar Bluescope

I was asked to do an interview for a cable news channel in Ohio about Nippon Steel’s planned acquisition of U.S. Steel for more than $14 billion.

BlueScope’s North American earnings dropped in its fiscal year ended June 30 compared with the previous year, primarily on lower Midwest hot-rolled coil (HRC) benchmark prices.

The war in Ukraine has triggered what may be the largest monthly increase in scrap prices ever seen with shredded scrap trading in March at around $600/GT and prime scrap at $700/GT – up by $125-175/GT over February, sources tell Steel Market Update. Market participants were expecting modestly higher scrap prices in March following declines […]

North Star BlueScope intends to take a 10-day outage in November at its flat-rolled steel mill in Delta, Ohio, according to SMU sources. The scheduled outage planned for the first week of November will be the final step to tie the new electric arc furnace and caster into the existing mill. The downtime is expected […]

North Star BlueScope was a key contributor to FY 2019 results for Australian parent BlueScope Steel. Revenue at North Star totaled $916 million in the first half of the fiscal year and $784 million in the second half. Total FY 2019 revenue was $1.7 billion, up from $1.49 billion in FY 2018. North Star BlueScope’s […]

Today’s issue is our 150th Executive newsletter (Volume 11, Issue 150). We averaged 11.4 articles per issue so we published 1718 articles. On top of that we published 51 Premium newsletters which average 2.5 articles per issue for another 124 articles. We have produced thousands of graphics, many of which our readers are able to […]

There are a number of players in the market that are overly concerned (in my opinion) about the restart of the USS Granite City hot strip mill (they are not yet restarting the two idled blast furnaces so they are not adding any new raw steel production into the market) and Mingo Junction (reported to […]

On Wednesday of this week I participated in the monthly HARDI conference call (see article in tonight’s newsletter). During the call one of the executives from an east coast HVAC wholesaler told the group that he didn’t believe prices could or would move much higher from here. I disagreed with him. One of the justifications […]

I am pleased to announce that we have been given permission to take our next Steel 101 workshop to Ohio and to tour the Northstar Bluescope steel mill. Northstar Bluescope Steel has an exceptional reputation for both quality and efficiency and we are looking forward to seeing the mill in action. We will have more […]

On Friday Nucor and ArcelorMittal USA followed the lead of NLMK USA, Northstar Bluescope and AK Steel by announcing steel price increases on hot rolled, cold rolled and galvanized coated steels. Nucor sent a letter to their customers advising them that base prices on new orders would increase by a minimum of $40 per ton […]

The rumblings of a price increase have been building for a couple of weeks now as mills like SDI (Butler) and Nucor (Berkeley) have been quietly asking for higher steel prices from their customers prior to any announcements being made. On Tuesday we traded emails with a service center executive who told us, “While rumblings […]

I expect the other domestic mills to go along with price increases of their own – whether they choose to announce the move may depend on what they feel is in their best interest. I would anticipate that Nucor will come out with their own announcement. US Steel and ArcelorMittal are in the process of […]

Late on Monday, ArcelorMittal sales people began informing their customers by email of their intention to raise flat rolled steel prices by $20 per ton ($1.00/cwt). The increase was to be effective with orders taken for June production and beyond. In an email seen by Steel Market Update, ArcelorMittal explained their reasoning for taking prices […]

Steel Market Update saw an interesting report on the impact of lower scrap prices to the steel industry. The report was produced by metals and mining analysts, Timna Tanners of Bank of America Merrill Lynch Research for her clients. A question Steel Market Update receives on a regular basis is what is the marginal cost […]

On Monday, Nucor announced their intention to acquire Gallatin Steel and its approximately 1.8 million tons of hot rolling capacity. On Tuesday, AK Steel and Steel Dynamics (SDI) completed the purchase of the Severstal North America assets. The biggest pieces of the Severstal deal are the Dearborn steel mill, which went to AK Steel, and the […]

On Monday, Nucor announced their intention to acquire Gallatin Steel and its approximately 1.8 million tons of hot rolling capacity. Today, AK Steel and Steel Dynamics (SDI) completed the purchase of the Severstal North America assets. The biggest pieces of the Severstal deal are the Dearborn steel mill, which went to AK Steel, and the Columbus […]

Fulton County Processing (FCP), a joint venture with Heidtman Steel, is expanding its pickling capacity at its facility in Delta, Ohio. The $20 million project will add a new 4 tank Butech Bliss/Nelson push/pull pickling line and is scheduled for completion in fourth quarter 2014. The steel processing expansion will add 82,000 square feet and […]

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 […]