Tenaris plans to restart activity at its two plants in Pennsylvania: the Koppel melt shop and Ambridge seamless pipe mill. The plant in Koppel – the company’s first domestic steel shop – is finalizing an investment announced in 2020 to upgrade its steel bar size capabilities while also incorporating additional improvements in safety and automation. Tenaris has since increased its investment to include the revamping of existing cranes used to feed the furnace with scrap metal and a new production management system to improve process control at the steel shop. The more than $15 million investment is projected to be completed in May with production to start up in June.
Ovako Steel’s 2018 investment in a vacuum tank degassing (VTD) facility is a critical development for the Smedjebacken mill. Removal of hydrogen by a state-of-the-art vacuum process now enables Ovako to address the needs of forgers that require high-performance, reliable and cost-effective steel for demanding applications such as those in the automotive industry.
Nucor Corp. will build a new tube mill on the site of its Nucor Steel Gallatin sheet mill in Kentucky. This location will allow the company to take advantage of investments made to expand capacity of the Gallatin mill and add a galvanizing line. The $164 million project is expected to be in operation by the middle of 2023 and create more than 70 new full-time jobs. The tube mill will have the capacity to produce approximately 250,000 tons annually of hollow structural section (HSS) steel tubing, mechanical steel tubing and galvanized solar torque tube. The Gallatin County site puts the facility near expanding solar markets in the United States and the largest consuming regions for HSS steel tubing.
Boston Metal raised $50 million in Series B funding, positioning the company to accelerate industrial-scale deployments of its molten oxide electrolysis (MOE) technology toward emissions-free steel. The company’s MOE technology uses electricity to transform metals from a raw oxide form into high-purity molten metal products, facilitating CO2 emissions-free steel production from a wide array of iron ores in a potentially more efficient, less costly and more sustainable approach.
Nucor Steel has an extensive special bar quality (SBQ) steel program that dates back to the conversion of its plants in South Carolina, Tennessee and Nebraska to handle the product decades ago. In 2002, the company purchased an idled plant in Tennessee that was dedicated to SBQ production.
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.
Check out the April 2021 issue of FORGE, featuring our cover story on the "Ovako's Vacuum Degassing Process Improves Forging-Steel Grades", "Back to the Future: Revisiting AM Predictions from 2012", "Viral Marketing during COVID-19", and much more.