Steel Products
April 10, 2019
SMU Steel Summit: Mill Execs to Take the Hot Seat
Written by Tim Triplett
The steel industry is on the brink of a capacity boom as mills reinvest their record profits in dozens of mill additions and upgrades. What will that mean for steel supply and prices in the coming years? Who better to answer that question than the chief executives from four of North America’s leading steel producers—JSW USA, Nucor, Steel Dynamics and Ternium—all of which have announced major capital projects. Steel Market Update has recruited them for a panel at SMU’s Steel Summit Aug. 26-28 in Atlanta, during which the competitors will likely join forces to defend their actions and address the market’s fears that oversupply will inevitably undermine steel prices.
Newest in the mix is JSW USA with aggressive plans for expansion. Backed by India-based Jindal Steel, the company has announced a billion dollars in planned upgrades to its Mingo Junction mill (formerly Wheeling-Pitt) and the addition of an EAF adjacent to its plate and pipe mill near Houston.
