Giant leaps expected to continue in steel processing
Oct 31, 2011 | 07:00 PM
| Bill Beck
One development that the entire iron mining industry in North America is watching closely is a plan by Indias Essar Steel Ltd. to resume iron pellet production on Minnesotas Mesabi Rangeand using the taconite pellets to make steel in Minnesota rather than shipping them to a blast furnace elsewhere.
Essar Steel, which purchased Canadas Algoma Steel Inc. for $1.6 billion in 2007, is rehabilitating a long-closed taconite processing plant near Nashwauk, Minn., with plans to make 6.5 million tons of iron pellets annually. Essar told analysts that for the foreseeable future it will ship pellets to the Essar Steel Algoma Inc. steelmaking complex near Sault Ste. Marie, Ontario, but the company hopes to begin making steel in Minnesota by 2015.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.