Steel Mills
October 2, 2013
Written by John Packard
On Monday morning, NLMK USA announced new flat rolled steel base prices which are to become effective immediately. The minimum base prices announced are:
Hot Rolled: $33.50/cwt base ($670 per ton plus extras)
Cold Rolled: $38.50/cwt base ($770 per ton plus extras)
Galvanized: $38.50/cwt base ($770 per ton plus extras)
Specialty 1050: $48.00/cwt base ($960 per ton plus extras)
ArcelorMittal plans to build a new electrical steel manufacturing facility near its AM/NS Calvert joint-venture mill in Alabama. The steelmaker plans to produce 150,000 metric tons (165,350 short tons) of non-grain-oriented electrical steel (NOES) annually there through its wholly owned subsidiary, ArcelorMittal Calvert LLC. ArcelorMittal revealed its plans for the new mill on Monday, following the Department […]
Domestic raw steel production saw another upward bump last week, according to data released by the American Iron and Steel Institute (AISI) on Monday, Aug. 21.
The United Steelworkers (USW) union is standing firm in its backing of Cleveland-Cliffs’ bid for U.S. Steel.
U.S. Steel has provided some clarity for the United Steelworkers (USW) union regarding the union's rights as the steelmaker considers multiple offers to buy the company.
U.S. Steel dropped a bombshell last week when it announced that it is up for sale. While a company buyout would be profitable for any buyer, there could be regulatory hurdles, according to industry analysts.