21
Dec
21:51
USS putting EAF plans on the back-burner
US Steel is postponing its plans to build a 1.6 million short ton/year electric arc furnace at its Fairfield works near Birmingham, Alabama, due to depressed oil and gas demand, Kallanish learns from a company statement.
“On December 14, 2015, oil prices hit an eight-year low in the same week that rig counts dropped by another 28 to a 16-year low of 709,” US Steel says. “The company continues to feel the effect of these energy market conditions…
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Anonymous
Very good overview of the weekly steel market.
Anonymous