SBQ buyers await fallout from Republic outage

Aug 06, 2013 | 06:02 PM | Corinna Petry

Tags  Republic Steel, furnace outage, failed transformer, Jaime Vigil, supply constraint, special bar quality, SBQ, forgers cold finishers

CHICAGO — The special bar quality (SBQ) market could see some temporary fallout in the supply chain as a result of a furnace outage at Republic Steel, cold drawers, forgers, manufacturers and others said, although they conceded that it is too early to gauge how it will impact sourcing of certain grades and chemistries.

Republic experienced a failure Aug. 2 at the transformer supplying power to the No. 7 furnace at its Canton, Ohio, melt shop, resulting in an outage of its No. 7 backup furnace that will last between two and eightweeks (amm.com, Aug. 5)."We are doing everything in our power to implement the needed repairs to minimize any impact on our customers," president and chief executive officer Jaime Vigil said.....





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