SBQ buyers await fallout from Republic outage
Aug 06, 2013 | 06:02 PM
| Corinna Petry
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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