Louisiana OKs up to $1.3B in bonds for proposed Hyundai-POSCO mill
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.
Tag: steel mill
Plate supply squeeze tightens as demand presses higher
The domestic plate market is showing few signs of relief for steel buyers. Lead times are stretching well beyond seasonal norms, spot availability has all but evaporated, and mills are drawing hard lines on contract volumes heading into 2027 negotiations.
Nucor sees higher steel prices driving higher Q3 profits
Nucor Corp. expects significantly higher earnings in the third quarter thanks to higher selling prices and stable sales volumes.
Flux Steel plans GOES production at former ATI plant in Ohio
A new player is emerging in the grain-oriented electrical steel (GOES) space. Flux Steel Works announced plans to renovate and reequip a former ATI specialty steel plant in Louisville, Ohio, to produce GOES.
Six bidders vie for AHMSA and MINOSA assets
Six qualified bidders have emerged for the assets of bankrupt Altos Hornos de México (Ahmsa) and its Minosa mining assets.
US mill shipments decline in July but remain above last year
Domestic mill shipments slipped from June to July, according to the latest data from the American Iron and Steel Institute (AISI).
Global Steel Climate Council members avert more than 32.5M tons of emissions
Nine steel producers certified by the Global Steel Climate Council (GSCC) have avoided more than 32.5 million tons of carbon dioxide emissions between 2023 and 2025.
Bula moves on from Blastr Steel
Mark Bula is wrapping up his two-plus-year tenure as CEO of Finland’s Blastr Green Steel.
Steel Summit: Nucor fires up West Virginia EAF as sheet mill ramp approaches
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.
SSAB to increase plate prices by $40/ton, again
SSAB Americas plans to increase plate prices by at least $40 per short ton (st), according to a letter sent to customers on Monday.
Nucor to expand Vulcraft Indiana with $59M investment
The investment in St. Joe, Ind., will add capabilities to produce steel grating products. The Charlotte, N.C.-based steel company expects the investment to create 20 new full-time jobs. Those are in addition to the over 300 workers currently employed there.
CRU: Trinidad talks up revival plan for ex-ArcelorMittal plant
Trinidad talks up revival plans for ex-ArcelorMittal plant.
Ternium Q2 profit jumps on stronger Mexico demand
Ternium reported higher sales, profit, and shipments in the second quarter. Mexico remains the company’s strongest market even as US trade measures add uncertainty across North America.
AISI reports strong mill shipments in June
June US steel mill shipments jumped 4.8% from May and 8.7% from June last year.
A bright spot for Nippon, U.S. Steel reports profitable second quarter
U.S. Steel reported stronger second-quarter results, with higher sales, a return to profitability, and record operating performance across key assets.
Leibowitz: Setting the record straight on steel consumption
Editor’s note This is an opinion column. The views in this article are those of an experienced trade attorney on issues of relevance to the steel market. They do not necessarily reflect those of SMU. We welcome you to share your thoughts as well at smu@crugroup.com. My colleague and friend Alan Price wrote last week about […]
Nucor earnings jump in Q2 on higher prices, steel mill shipments
Nucor's earnings nearly doubled in the second quarter on the back of higher prices and shipments in its steel mills segment.
Hanwha Ocean considers withdrawing its Canadian investments
Hanwha Ocean has not definitively pulled its plans in Canada.
SMU Survey: Mill negotiability slips, sheet hits multi-year lows
The majority of steel buyers responding to our market survey this week report that mills are holding a firm grip on prices
Plate spot market absorbs price hikes amid booming demand
Spot market absorbs price hikes amidst booming plate demand
AISI: Domestic mill production eases to 3-month low
Total US raw steel mill output declined last week to the lowest rate seen since April, according to the latest American Iron and Steel Institute (AISI) figures
Liberty Steel temporarily furloughs workers at Illinois wire rod mill
Liberty Steel workers at its Bartonville, Ill., facility face furloughs after an industry downturn, according to a media report.
Orion Steel taps Ptacek as president
Orion Steel has appointed Todd Ptacek as its new president.
Pig iron gets exemption from new Section 301 tariffs on Brazil
The Office of the US Trade Representative has finalized a 25% Section 301 tariff on all goods imported from Brazil. Importantly for the US steel industry, pig iron has received an exemption from the tariff.
Oregon Steel Mills aims to increase plate prices by $60/ton, again
Oregon Steel Mills is attempting to push spot plate prices up by at least $60 per short ton.
AISI: Raw steel mill output slips, holds historically strong
Domestic raw steel output eased to an 11-week low last week, according to recently released American Iron and Steel Institute (AISI) figures
SMU Survey: Buyers continue to report limited mill negotiability
The majority of steel buyers we polled this week reported that mills are holding firm on new order spot prices.
Tyasa orders new vacuum degassing plant from Primetals
Mexican steelmaker Talleres y Aceros SA de CV (Tyasa) has placed an order from Primetals Technologies for a twin vacuum degassing plant to be installed at its Ixtaczoquitlán mill in southeastern Mexico.
AISI: Raw steel mill output eases to 8-week low
US raw steel production has eased over the past month following the multi-year high seen in May, according to recent American Iron and Steel Institute (AISI) data
Steel mills drive SDI’s earnings guidance upward
Steel Dynamics Inc. expects to post higher sequential earnings in the second quarter, with “meaningfully higher” profitability from its steel operations.