Tag: Steelmaking

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.

Cleveland-Cliffs President and CFO Celso Goncalves said no deal was imminent between the company and South Korean steelmaker POSCO because of disagreements over valuation.

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. 

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.

As the US enters negotiations and possible annual reviews of the USMCA, policymakers should preserve the S232 tariffs, which have clearly been necessary to protect the US steel industry.

For the next month, CRU forecasts that iron ore demand will fall m/m while metallurgical coal to be stable.

Sheet prices in the USA continued to move higher over the past month as supply remained tight in the country

Over the next three years, U.S. Steel’s investment to upgrade its hot strip mill at Mon Valley is projected to result in over 6,000 jobs and $58 million in tax revenue, according to an economic impact study conducted by the Parker Strategy Group.

A Mexican court has approved the joint auction of AHMSA and its MINOSA mining assets for $1.33 billion, paving the way for a single buyer to take control of both businesses.

If an industry suffers from high labor and energy costs, inefficient facilities, or lower productivity, tariffs do not solve those problems. They only mask them, transferring costs from inefficient producers to consumers.

The process to reduce Section 232 steel and aluminum tariffs for producers in Mexico and Canada garnered mixed reactions from steel and metals’ supply chain advocacy groups.  

Cleveland-Cliffs plans to deploy Palantir’s advanced AI technologies across its commercial and operations internal processes.  

What a local media report described as an "explosion" on Friday night at U.S. Steel's Gary Works in Northwest Indiana has not disrupted production or resulted in any injuries, that company said.

With global capacity projected to increase by 138 million mt by 2028, the gap between capacity and demand will continue to grow over the next three years. And that assumes the conflict in Iran does not stifle global demand.

We just wrapped up another Steel 101 workshop. But this time, we had the privilege to take the most hands-on industry workshop on steelmaking and market fundamentals abroad.

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.

I grew up in Belo Horizonte, the capital of Minas Gerais in southeastern Brazil, surrounded by the Serra do Curral mountains, and a culture steeped in mining and vast iron ore reserves.

U.S. Steel plans to restart Battery #13 at its Clairton Coke Works on Feb. 5. Battery #13 was one of the batteries hot idled since a lethal explosion at Clairton on Aug. 11, 2025.

All but one of the steelmaking raw materials we track increased in price over the last month

Most steelmaking raw material prices remained stable over the past month. Prices are mixed in comparison to this time last year.

We just wrapped up another Steel 101 workshop, easily the most hands-on industry workshop on steelmaking and market fundamentals.

NEMO Industries has announced a venture to build a pig iron plant in Louisiana. The plant will use advanced technologies, including integrating AI.

Most steelmaking raw material prices held steady or ticked higher over the past month

This week’s announcement represents $300 million of the $11 billion commitment Nippon made for the government's approval to buy USS.

Algoma Steel is increasing its credit facility from USD$300 million to USD$375 million due to "market conditions."

For the next month, CRU forecasts that global demand for steelmaking raw materials will increase month on month (m/m).

Glenfarne Alaska LNG and POSCO signed a preliminary strategic agreement during the GasTech Conference in Milan on Thursday.  

Most steelmaking raw material prices we track saw little change across the month of August. Iron ore, pig iron, shredded scrap, busheling scrap, zinc, and aluminum prices all held relatively steady,

Prices for four of the seven steelmaking raw materials we track were unchanged from late June through the end of July, while two increased and one declined. Collectively, these material prices rose 1% month over month (m/m), but are down 3% compared to three months ago.