20
Jan
00:00
Jordan Steel shuts down EAF on costly electricity, lack of scrap
Jordan Steel has closed its meltshop due to increasing losses incurred from high electricity prices and competition from rebar imports, as well as a lack of domestic scrap supply, Kallanish learns from the steelmaker. All of the melting plant’s workers have been laid off.
Jordan’s main steel producer has an electric arc furnace-based billet capacity of 200,000 tonnes/year, which it had hoped to increase to 350,000 t/y. This move has, ho…
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Anonymous
Very good overview of the weekly steel market.
Anonymous