Yorkville mill restart not viable: Bouchard

Feb 12, 2014 | 01:43 PM | Catherine Ngai

Tags  steel, Esmark, Ohio Cold Rolling, Yorkville, hot-rolled, tinplate, James P. Bouchard, Rep. Jack Cera Sen. Lou Gentile

NEW YORK — The restart of Esmark Inc.’s Yorkville, Ohio, facility is not economical at this time, according to its top executive.

A restart of Ohio Cold Rolling Co., which originally was part of defunct steelmaker RG Steel LLC, does not make financial sense because the cost of hot-rolled has increased disproportionately to tinplate prices, Esmark founder, chairman and chief executive officer James P. Bouchard told AMM in an interview Feb. 12.

"Hot-rolled prices have shot up roughly $70 to $80 per ton while tin prices went up in 2014 by roughly $40 per ton, so there’s an inverted relationship of around $35 per ton," he said. "Yorkville has to buy hot-rolled substrate and we’re still not back in a position where it’s economical to purchase the hot-rolled to make cold-rolled then tin product. If we fire up Yorkville, we lose a tremendous amount of money." ....





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