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SDI targeting 80% capacity at Sinton by Q3
Steel Dynamics Inc (SDI) is aiming for its new $1.9-billion electric-arc furnace (EAF) mill in Sinton, Texas, to be operating at 80% capacity by the third quarter before hitting full capacity by year-end, chief financial officer Theresa Wagler said at Fastmarkets’ Steel Success Strategies conference in Miami Beach, Florida, on Monday June 6
June 7, 2022
·
By Sean Barry
Insights
Iron ore concentrate, pellet prices track uptick in fines segment; demand remains limited
Seaborne iron ore concentrate and pellet prices rose during the week ending on Friday June 3, tracking the upward momentum in the iron ore fines segment, market sources said
June 6, 2022
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By Alex Theo
Insights
Detroit mills lock up prime, shredded scrap at $50/t discount
The US ferrous scrap market is exhibiting signs of life this month after steel meltshops in the Southeast and in Detroit purchased prime and secondary grades of scrap at a $50-per-gross-ton discount compared with the May buy
June 6, 2022
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By Lisa Gordon
Insights
Cleveland-Cliffs reports lower carbon intensity for 2021
Cleveland-Cliffs reported it has made progress toward reducing its carbon emissions per short ton of steel produced, according to a 2021 sustainability report the company released in May
June 6, 2022
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By Robert England
Insights
Soybean oil-based biodiesel margins remain strong
US recent biodiesel production likely to be well above April's
June 6, 2022
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By Robert Lane
Insights
Tube mills bring HSS price down by $100 per ton
Several tube mills, including Nucor Tubular and Atlas Tube, alerted customers to a $100-per-ton reduction in the price of hollow structural sections (HSS) on Thursday June 2, sources told Fastmarkets
June 3, 2022
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By Mark Burgess
Insights
Chilean copper production falls 8.9% in April, Cochilco says
Chile’s copper production decreased by 8.93% in April from a year earlier despite a recovery from Escondida, with fewer volumes reported for Codelco and Collahuasi, the country’s copper commission, Cochilco, said on Thursday June 2
June 3, 2022
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By Renato Rostás
Insights
Ford to invest $3.7 billion, largely in new vehicle production
Ford is making a $3.7-billion investment in its business, which will be spread out across its plants in Michigan, Ohio and Missouri, and will expand both electric vehicle (EV) and internal combustion engine vehicle (ICE) production
June 3, 2022
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By Arthur Robert
Insights
Global aluminium billet premiums under pressure amid softening demand
Dwindling demand and differing supply situations between regions pressured aluminium billet premiums down or kept them unchanged across the world on Wednesday June 1, with clear bearishness slowly taking over global markets
June 2, 2022
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By Carrie Bone, Renato Rostás, Orla O'Sullivan, Yiwen Ju
Insights
With easily accessible steel scrap of utmost importance, US mills look to integrate
There has been an evolution in US steelmakers' raw material strategy in the past several years, with mills pivoting from an effort to randomly own as many tons as they could to becoming more vertically integrated and owning material that can feed their meltshops
June 2, 2022
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By Lisa Gordon
Insights
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