Steel distributors wary of Big River project

Mar 28, 2013 | 03:03 PM | Frank Haflich

Tags  Association of Steel Distributors, Esmark, Lapham-Hickey, Hiedtman, SDI, Big River, IHS, James Bouchard Tim Berra

PALM DESERT, Calif. — Service center sources say they are somewhat less sanguine than some industry analysts at the prospect of another major entrant into the domestic flat-rolled steelmaking market.

The impact of steelmaking veteran John D. Correnti’s proposed Big River Steel LLC project in Arkansas might not be as benign as IHS Global Insight Inc. has indicated, members of the Association of Steel Distributors (ASD) said at its recent annual convention. Analysts at Lexington, Mass.-based IHS recently wrote that the U.S. market can likely absorb output from the $1.1-billion, 1.7-million-ton-per-year flat-rolled facility, provided additional capacity doesn’t also come onstream (amm.com, March 26). ....





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