International Steel Mills
March 9, 2014
Written by John Packard
Russia and the Ukraine are major steel producers and exporters of steel to the rest of the world. Under the current political upheaval associated with these two countries, Steel Market Update thought it might be interesting for our readers to understand what steel products are being imported from the two countries into the United States.
Russia
Canada's Algoma Steel Inc. reported better than expected results for its fiscal 2024 first quarter.
Longs producer and metal recycler Gerdau reported lower second-quarter production and shipments due to several mill outages.
While Canadian integrated steelmaker Stelco remains committed to decarbonization its steelmaking operations, it has no plans to convert to electric-arc furnace (EAF) steelmaking, nor to buy an EAF steelmaker anytime soon.
South Korean steelmaker Posco has big plans to increase its global production capacity, including the making of electrical steel in North America, according to local media reports. The Korea Times reported that Posco is planning to “build additional hyper non-oriented electrical steel factories in Korea and North America to produce 1 million tons of electrical […]
Ternium and Tenaris have upped their stake in Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas). Ternium’s Brazilian subsidiary Confab Industrial S.A., Ternium Investments, and Ternium Argentina, collectively known as the T/T group within the controlling group of Usiminas, closed on a previously announced acquisition of 68.7 million ordinary shares of Usiminas. The shares […]