Cleveland-Cliffs Inc. successfully completed the acquisition of substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries, forming the largest flat-rolled steel producer in North America. In connection with the acquisition of ArcelorMittal USA, which includes the interests of ArcelorMittal USA of 60% in I/N Tek L.P. and 50% in I/N Kote L.P., Cleveland-Cliffs also acquired Nippon Steel’s remaining interests of 50% in I/N Kote and 40% in I/N Tek for a total consideration of approximately $183 million. With this additional transaction, Cleveland-Cliffs becomes the sole owner of 100% of I/N Tek and I/N Kote.
United States Steel Corp. exercised its call option to acquire the remaining equity of Big River Steel for approximately $774 million. The transaction is expected to close in the first quarter of 2021. Big River Steel operates a LEED-certified Flex Mill in northeast Arkansas. The company’s advanced manufacturing technology and skilled operators combined with U.S. Steel’s product development capabilities and intellectual property have allowed Big River Steel to produce 11 advanced U.S. Steel grades.
Nucor Corp. broke ground on its 400-job, $1.7 billion steel-plate manufacturing mill in Meade County, Ky. The project is expected to employ up to 1,500 contractors during construction. Located along the Ohio River in Brandenburg, the 1.5-million-square-foot operation will provide Nucor with 1.2 million tons of annual capacity for steel-plate production. Full-time jobs will include equipment operators, production specialists, safety and environmental technicians, engineers and office support staff. The mill is scheduled to open in 2022.
Liberty Steel Group, part of GFG Alliance, announced that it made a non-binding indicative offer (NBIO) as part of a thyssenkrupp-led process to acquire the steel activities of thyssenkrupp. Liberty Steel, a global steel and mining business, has 30,000 employees in more than 200 locations on four continents. A possible combination of Liberty Steel and thyssenkrupp Steel would create a group well positioned to tackle the challenges faced by the European steel industry.
Cleveland-Cliffs Inc. entered into a definitive agreement with ArcelorMittal S.A. pursuant to which Cleveland-Cliffs will acquire substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries for approximately $1.4 billion. Upon closure of the transaction, Cleveland-Cliffs will be the largest flat-rolled steel producer in North America, with combined shipments of approximately 17 million net tons in 2019. The company will also be the largest iron-ore pellet producer in North America, with 28 million long tons of annual capacity. The assets acquired include six steelmaking facilities (Indiana Harbor, Burns Harbor, Cleveland, Coatesville, Steelton and Riverdale), eight finishing facilities, two iron-ore mining and pelletizing operations, and three coal and cokemaking operations.
ArcelorMittal announced its intention to build an electric-arc furnace (EAF) steelmaking facility at AM/NS Calvert in Alabama. Once completed, the planned facility will be capable of producing 1.5 million tons of steel slabs annually for the hot-strip mill. It will also produce a broad spectrum of steel grades required for Calvert’s end-user markets. Construction is expected to take 24 months, and the new facility is anticipated to create 300 new jobs.
SMS Concast will supply two eight-strand billet casters for Yongfeng Lingang’s newly built basic oxygen furnace (BOF) steelmaking plant in Linyi City, China. The two casters will have a combined production capacity of approximately 2.6 million tons per year of steel bars. Both casters will have a radius of 10.25 meters (33.6 feet). While the first caster will produce on eight strands right from the beginning, the second one will initially be equipped with seven strands but prepared for the addition of an eighth strand in the future. Both machines will cast billets of 165 mm (6.5 inches) square.
Unavoidable by-products of the steelmaking process, nonmetallic inclusions in steel have been a focus of the industry for over a century.
July 6, 2020
Researchers at Carnegie Mellon University’s (CMU) Center for Iron and Steelmaking Research are bringing computer-vision and machine-learning techniques to the study of inclusions, hoping to increase the efficiency of inclusion analysis and gain new insights.
Ovako, together with Linde Gas AB, conducted a full-scale trial using hydrogen to heat steel before rolling. The trial was performed with good results in one of the company’s pit furnaces at the Hofors rolling mill in Sweden. This historic development for the steel industry proves that carbon dioxide emissions from rolling can be eliminated provided the right financial support and infrastructure are in place.
Cleveland-Cliffs Inc. successfully completed the acquisition of AK Steel Holding Corp., integrating North America’s largest producer of iron-ore pellets downstream into the production of value-added steel and specialty manufactured parts for the automotive industry. The combined company will be led by Chairman, President and CEO Lourenco Goncalves. It combines mining, pelletizing, direct-reduction, EAF steelmaking, BF/BOF steelmaking, highly technologically developed finishing mills and automated manufacturing of auto parts.