USS’ EF plan hailed despite concerns
Feb 03, 2014 | 10:33 AM
| Catherine Ngai
NEW YORK U.S. Steel Corp.s proposal to build an electric-arc furnace (EF) has been hailed as a step in the right direction for the company, although the steelmaker will have to address certain concerns by sheet market participants regarding a possible dislocation and ensuing imbalance in its supply chain.
The Pittsburgh-based integrated producer last month said it was taking initial steps toward building an EF at its Fairfield (Ala.) Works (amm.com, Jan. 29). While installing an EF at Fairfield doesnt mark the companys first foray into scrap-based steelmakingU.S. Steel operated an EF shop in Baytown, Texas, a few decades agosome industry players consider the move a radical one.
"They say that a new broom sweeps clean," one Mid-Atlantic service center source said. "Mario (Longhi, U.S. Steels president and chief executive officer) has moved quickly and has plans. Things are looking on the upside."....
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.