Steel Dynamics Inc (SDI) isn’t worried about a flood of new flat-rolled electric-arc furnace (EAF) steelmaking capacity because it will be offset by the closure of older integrated mills, the company’s top executive said.

When it comes to machine learning, computer vision, data analytics and artificial intelligence, the steel industry faces challenges in achieving a measurable and permanent return on investment, panelists said during Fastmarkets’ Steel Success Strategies Online conference on Tuesday October 27.

Steel Dynamics Inc’s (SDI) new $1.9-billion flat-rolled steel mill in Sinton, Texas, could be the first electric-arc furnace (EAF) facility to produce exposed-grade automotive material, the company’s top executive said.

With so much uncertainty regarding the macro environment for steel consumption and prospects for tepid demand growth, US and Canadian mills are vying for a bigger piece of the pie - and using different strategies.

The electric vehicle (EV) and autonomous vehicle (AV) markets will have a large impact on the automotive industry and there are technological advances happening in steel that could contribute to this auto evolution, according to a panel discussion during the Steel Success Strategies 2020 virtual conference this week.

Rusal America Corp has secured “green” aluminium supply contracts with two separate Mexican downstream manufacturers, with one being the “greenest” slab contract ever signed in North America, president and chief executive officer Brian Hesse told Fastmarkets on Thursday October 22.