Steel Mills
October 18, 2018
NLMK Signs Slab-Rolling Deal with ATI
Written by John Packard
This afternoon, Steel Market Update spoke with James Banker, Jr., Executive Vice President of NLMK USA, about two topics. First, the slab conversion agreement between NLMK USA and Allegheny Technologies Inc. Second, we spoke about NLMK not following the $40 per ton price increase announced by the other domestic steel mills. We will discuss both further on in this article, but first we would like to reproduce the agreement data released by ATI and NLMK earlier today.
Allegheny Technologies Inc. has signed an agreement to provide carbon steel hot-rolling conversion services for NLMK USA at ATI’s Hot-Rolling and Processing Facility, or HRPF, in Brackenridge, Pa. Slab shipments to ATI will begin immediately and increase to anticipated production levels in the first quarter of 2019. This agreement covers conversion services through December 2019.
