Steel Mills
October 31, 2019
Written by Sandy Williams
AK Steel eked out a net income of $2.8 million in the third quarter, down from $66.8 million in Q2 and $67.2 million in Q3 2018. Included in net income was a $15.3 million mark-to-market loss from iron ore derivatives.
Net sales of $1.5 billion fell 12 percent year-over-year and 9 percent from the second quarter due to a sharp drop in carbon spot market prices and lower shipments.
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.