Search
AMM.com Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.


TK buying scrap for stainless melt shop start-up

Keywords: Tags  ThyssenKrupp Stainless USA, ThyssenKrupp, stainless scrap, ferroalloys, melt shop, Thorsten Schier


NEW YORK — ThyssenKrupp Stainless USA LLC has begun buying stainless scrap and ferroalloys in anticipation of the start-up of its melt shop at the end of the year, AMM has learned.

"We are preparing to ramp up the facility," a source close to the company told AMM.

The Calvert, Ala.-company has purchased about two bargeloads worth of stainless scrap, according to market sources.

"They’ve bought a couple of barges," one source said, with another confirming the quantity but adding that it was too small to buoy an otherwise weak stainless scrap market.

The melt shop will have the capacity to produce between 900,000 and 1 million tonnes of stainless slab per year.

As the facility ramps up to full capacity, the domestic stainless scrap market is expected to tighten (amm.com, Nov. 5).

The facility will become part of Espoo, Finland-based stainless producer Outokumpu Oyj following the closure of its proposed merger with ThyssenKrupp Stainless parent Inoxum Group, itself a subsidiary of Essen, Germany-based ThyssenKrupp AG. The merger was recently approved by the European Commission (amm.com, Nov. 7).

A spokeswoman for ThyssenKrupp Stainless did not return a request for comment.

Editor's note: This story originally listed ThyssenKrupp Stainless' volume in tons rather than tonnes.


Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.



Latest Pricing Trends