United States Steel Corp. announced a joint-venture partnership agreement under which it has taken the first step toward acquiring Big River Steel through the purchase of a 49.9% ownership interest for approximately $700 million in cash, with a call option to acquire the remaining 50.1% within the next four years. U.S. Steel has committed financing to execute the transaction. Big River Steel operates an LEED-certified, Flex Mill in northeast Arkansas that is, according to the company, the most advanced EAF-based flat-rolled mill in North America. Big River Steel produces advanced automotive steels and electrical steels and provides services to customers in the automotive, energy, construction and agricultural industries. The company’s recently announced Phase II-A expansion is expected to double the mill’s hot-rolled steel production capacity to 3.3 million tons annually.
Ceramacast 673 is a high-temperature, two-part, silicon-carbide-based ceramic molding and potting compound used in the production of silicon-carbide (SiC) heaters for the industrial heating market.
Forgers weigh options such as repair, rebuild, remanufacture or new equipment when considering options to increase capacity. This article considers the four options and the pros and cons associated with each.
When forges need to expand production to meet increased demand for existing parts or to add new product lines, selecting from available options to bring new equipment online can be challenging.
Cross-wedge rolling (CWR) is a forging technique in which a heated billet is formed by rolling it between two flat (or cylindrical parallel-axis) die plates. This article describes the CWR process and equipment as applied to the production of railroad screws and other similar products.
American Axle & Manufacturing Holdings Inc. (AAM) entered into a definitive agreement to sell its U.S. iron casting operations (Grede) to funds managed by Gamut Capital Management for $245 million. Across 10 manufacturing facilities, Grede develops, manufactures, assembles and supplies ductile, gray and specialty iron castings and machined components for the automotive, commercial vehicle and industrial markets. AAM will retain its El Carmen, Mexico, iron casting operations.
North Carolina Governor Roy Cooper announced that Bharat Forge America Inc. will build an aluminum forging plant to manufacture automobile components in Lee County, N.C. The $127.3 million investment will create 304 jobs. The new facility will be part of a larger manufacturing center that will create as many as 460 jobs. According to Bharat Forge, the investment will help it create a strong global manufacturing footprint as part of its aluminum strategy.
BlueScope, an Australian steel producer, has approved the expansion of its North Star facility in Delta, Ohio. The company will add an additional 850,000 metric tons per year of steelmaking capacity. The $700 million project is expected to begin in mid-2022 with full ramp-up scheduled for approximately 18 months later. In addition, the expansion has potential future growth of a further 500,000 metric tons per year. According to BlueScope, the expansion offers long-term sustainable earnings growth from a high-quality asset.
HarbisonWalker International (HWI), a supplier of refractory products and services, completed the first phase of a $9 million expansion at its manufacturing operations in White Cloud, Mich. The project will significantly increase warehousing space and add advanced-manufacturing and hydraulic press technologies. HWI’s 110,000-square-foot White Cloud facility currently employs approximately 140 people and produces brick and monolithic refractories utilized by the steel industry.
Steel Dynamics Inc. awarded SMS group an order covering the supply of a complete steel production line for its new mill in Sinton, Texas. Germany’s SMS group will supply two direct-current electric-arc furnaces (DC-EAF) having a capacity of 190 tons each, two twin-ladle furnaces and a double vacuum tank degasser. The line, which is scheduled to be commissioned in mid-2021, will enable SDI to produce thin slabs with thicknesses of up to 5.2 inches (130 mm) and slab widths of up to 84 inches (2,134 mm). SMS group will also supply electrical and automation systems as well as technical support during installation and commissioning, which is scheduled for mid-2021.