Steel Mills
January 28, 2016
Written by Sandy Williams
Impairment charges contributed to a $62 million net loss for Nucor Corp. in fourth quarter 2015. An impairment charge of $153 million was recorded for the Duferdofin Nucor plant in Italy due to low operating performance.
The company also took an $84.1 million non-cash write-down after deciding not to proceed with plans for a blast furnace at the St. James Parish, Louisiana site.
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.