21
Sep
19:48
New US capacity creates old capacity questions
The introduction of 6 million short tons of new flat-rolled capacity in the US by 2024 will leave 6m st of old flat-rolled capacity without a clear future, Kallanish hears from market sources.
Both Nucor and US Steel announced over the past week greenfield minimill projects of 3m st and about $3 billion each. Nucor’s project will be built in either Ohio, Pennsylvania, or West Virginia. US Steel’s location scouting is still underway. Both will com…
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Anonymous
Very good overview of the weekly steel market.
Anonymous