Nucor Announces Plans to Build Galvanizing Line at Arkansas Sheet Mill

Nucor Corporation’s (NYSE: NUE) Board of Directors approved the construction of a galvanizing line at the company’s sheet mill in Arkansas to support Nucor’s growth into a wider and more diverse set of strategic end-market applications. The new galvanizing line is a $240 million investment with an annual capacity of approximately 500,000 tons. It is expected to be operational in the first half of 2021.

CHARLOTTE, N.C., May 11, 2018

This project complements the $230 million investment currently underway to construct a specialty cold mill complex at Nucor Steel Arkansas. These projects are important components of Nucor’s long-term strategy for profitable growth and will accelerate the company’s goal of increasing its automotive market share.

“At Nucor Steel Arkansas, we are building one of the most modern and efficient steel mills in the world,” said John Ferriola, Chairman, CEO & President of Nucor. “This new galvanizing line, coupled with our new specialty cold mill complex, will allow us to efficiently produce products beyond the capability of any North American mill, and to have the flexibility to meet current and future demand for advanced high-strength steel products.”

The company is also evaluating building additional galvanizing lines at its other sheet mills as part of Nucor’s initiative to further expand its sheet business.

“Building this galvanizing line will diversify the product mix at Nucor Steel Arkansas and allow us to better serve our automotive and value-added customers,” said MaryEmily Slate, Vice President and General Manager, Nucor Steel Arkansas. “We are positioning ourselves to become a major supplier to the growing galvanized market in the U.S.”

Nucor and its affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada.  Products produced include carbon and alloy steel — in bars, beams, sheet and plate. Hollow structural section tubing, electrical conduit, steel piling, steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating; and wire and wire mesh.  Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America’s largest recycler.

Certain statements contained in this news release are “forward-looking statements” that involve risks and uncertainties. The words “believe,” “expect,” “project,” “will,” “should,” “could” and similar expressions are intended to identify those forward-looking statements. Factors that might cause the Company’s actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing, including competition from imports and substitute materials; (2) U.S. and foreign trade policies affecting steel imports or exports; (3) the sensitivity of the results of our operations to prevailing steel prices and the changes in the supply and cost of raw materials, including scrap steel; (4) market demand for steel products; and (5) energy costs and availability.

These and other factors are discussed in Nucor’s regulatory filings with the Securities and Exchange Commission, including those in Nucor’s fiscal 2017 Annual Report on Form 10-K, Item 1A. Risk Factors. The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them.

Source: www.nucor.com

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Outokumpu enhances its stainless bar production capabilities in Richburg, U.S.

Outokumpu announces enhancement of stainless bar production in its facilities in in Richburg, South Carolina, USA. New capabilities include a new coil-to-bar line to cover bar sizes from 0.600” to 1.250” inches and full reinforcement bar capabilities. The new lines enable Outokumpu to better serve its key end-customer segments including automotive, aerospace, oil & gas, construction and chemical processing in the North American market. The investment increases Outokumpu’s stainless bar production capacity by more than 15,000 tonnes annually.Says Bob Beatty, head of the Outokumpu Stainless Bar, USA: “The new investment allows us to expand our capacity in the area of coil-to-bar peeling where we have been capacity constrained. The line utilizes hot-rolled coil bar feedstock which is straightened, peeled, chamfered and polished to finished bars. This new capacity helps us to expand our business in key growth markets including the important automotive segment where we have a strong position.”

Outokumpu serves the North American market through its key service center partners. The company has a strong reputation in the market as a premium producer of high performance bars with unique knowhow in stainless steel applications and material performance.

Outokumpu has over a century of experience in creating efficient, long-lasting, and recyclable stainless steels. Our global offering includes quality-critical long products for equipment, buildings and infrastructure projects. Our Long Products sites are located in the US, the UK, and Sweden and are known for their high quality products, flexibility, and world-class delivery performance. Read more about Outokumpu Long Products’ offering at www.outokumpu.com/longproducts

Source: Outokumpu

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High Quality Wire Rod Sizing Technology for Xinxing Ductile Pipe Co., Ltd. P.R. of China

The existing wire rod production outlet will be equipped with the latest generation TMB-Twin Module Block for the production of 5.0 to 20 mm dia. smooth wire rod to produce 2 t coils at the rolling speed of up to 112 m/s, with strict end-product size tolerances of ±0.1mm. The product mix includes building steel, quality high-carbon grades, hard wire, welding wire, CHQ-Cold heading, spring steel and bearing steels.

The supply also includes the latest generation high-tech Double Pipe OFB-Oil Film Bearing Loop laying head (patented) with associated auxiliaries and WCC-Wire Rod Controlled Cooling line suitable also for LTR-Low Temperature Rolling.

The TMB-Twin Module Block technology is the ideal answer and the ultimate technological step in achieving ultra-high finishing speeds for a wire rod range extended to smaller sizes with higher plant efficiency and flexibility, to increase material yield, stricter product tolerances and lower production costs. The system has become the perfect solution to be used on new-design-rolling mills and on existing wire rod mill upgrading.

Based on so many successful cases accomplished around the world, the Chinese wire rod producer selected Danieli for its modernisation stage.
The project will be carried out directly from Danieli China® and the plant start-up is scheduled for middle 2016.

Source: Danieli Group

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Tangshan orders two continuous galvanizing lines from Primetals Technologies

  • Continuous galvanizing lines will expand cold rolling mill supplied by Primetals Technologies
  • Production capacity of high-strength metal sheeting to be increased by 650,000 metric tons per annum
  • Processed grades produced for use in the automotive industry
  • Special aluminum-silicon coating technology package to be installed

Tangshan Iron and Steel Group Co. Ltd., a Chinese steel producer, has awarded Primetals Technologies an order to supply two continuous galvanizing lines to expand cold rolling mill no. 2 at its Tangshan plant in Hebei Province. This will increase the production capacity for high-strength, coated metal sheets by 650,000 metric tons per annum. The sheets will mainly be used by the automotive industry. Continuous galvanizing lines nos. 5 and 6 will be constructed in a new hall alongside the existing cold rolling mill. This was also supplied by Primetals Technologies, and has been in production since the beginning of 2015. The two new continuous galvanizing lines are scheduled to come into operation in 2017. A special aluminum-silicon coating technology package will be implemented on one line.

Tangshan Iron and Steel is part of the Hebei Iron and Steel Group. With an annual production of around 47 million metric tons in 2014, it is the largest steel producer in China. Cold rolling mill no. 2 comprises a coupled tandem pickling line, a continuous annealing line and a galvanizing line. The mill has an annual capacity of 1.8 million metric tons of high-strength cold strip, and also produces high-quality steels for the Chinese automotive industry. The two galvanizing lines now ordered from Primetals Technologies are part of the second expansion stage intended to create production capacities for these high-quality steel grades. The lines will process not only grades for vehicle body parts but also aluminum-coated hot-forming steel.

Primetals Technologies is responsible for the engineering, manufacturing and supply of the mechanical, electrical and process technology equipment for the lines. Galvanizing line no. 5 will have a capacity of some 250,000 metric tons per annum. It will process cold strip in widths ranging from 850 to 1,300 millimeters, and thicknesses from 0.18 to 1.5 millimeters. Galvanizing line no. 6 will be able to galvanize 400,000 metric tons of cold strip per annum in widths ranging from 850 to 1,600 millimeters, and thicknesses from 0.5 to 3 millimeters. There will also be the possibility of coating the cold strip with an aluminum-silicon alloy. The new lines will be integrated into the existing quality control system of the cold rolling mill plant. Primetals Technologies will also supervise the assembly and commissioning of the lines.

The existing galvanizing line supplied by Primetals Technologies in the cold rolling mill of Tangshan Iron and Steel Group Co. Ltd. The company has now ordered two further lines.

Source: Primetals Technologies

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U. S. Steel And USSC Reach Critical Agreement On Operations

Includes provisions regarding plant loading of critical automotive products

PITTSBURGH, Oct. 9, 2015 /PRNewswire/ — Today, United States Steel Corporation (NYSE:X) announced that the Ontario Superior Court of Justice has approved a mutually agreed upon transition plan with U. S. Steel Canada (USSC) as part of USSC’s restructuring under Canada’s Companies’ Creditors Arrangement Act (CCAA) process.  The agreement is an important step in separating the two parties.

Highlights of this agreement include:

  • U. S. Steel will not be generating any sales on behalf of USSC;
  • Going forward U. S. Steel will load its production on its U.S.-based mills;
  • U. S. Steel shall transition away from providing any technical and engineering services associated with product development or sales with USSC, and U. S. Steel will not support any field quality claims made against USSC;
  • U. S. Steel will continue to provide all shared services that USSC relies upon for up to 24 months, with the exception of sales;
  • Should USSC enter into a new sale and restructuring process (SARP) in the future, U. S. Steel will not be a bidder.On Sept. 16, 2014, USSC’s board of directors unanimously decided to apply for relief from its creditors pursuant to Canada’s Companies’ Creditors Arrangement Act.  As a result of the 2014 CCAA filing, USSC and its subsidiaries were deconsolidated from U. S. Steel’s financial statements on a prospective basis.  Despite efforts in the months following the CCAA filing, no negotiated or other settlement was achieved.

Prior to the Sept. 2014 CCAA filing, USSC recorded a loss from operations in each year for five years, with an aggregate operating loss of approximately $2.4 billion, or in excess of $16.00 per diluted share, since December 2009.  Additionally, USSC represented approximately $1 billion of U. S. Steel’s consolidated Employee Benefits liability as of June 30, 2014.

United States Steel Corporation, headquartered in Pittsburgh, Pa., is a leading integrated steel producer and Fortune 200 company with major production operations in the United States and Europe. The company manufactures a wide range of value-added steel sheet and tubular products.  For more information about U. S. Steel, please visit www.ussteel.com.

SOURCE: United States Steel Corporation

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First LD (BOF) converter from Primetals Technologies started up at JSW Steel

  • First of four converters started up in September
  • Start-up went smoothly and the converter is in full production mode
  • Remaining converters will be consecutively replaced until spring 2016
  • High-temperature creep-resistant materials and a special cooling design ensure a long service life
  • Larger volume, less slopping

In mid-September a new LD (BOF) converter supplied by Primetals Technologies was started up in the Steel Melt Shop no. 2 in Vijayanagar, Toranagallu of Indian steelmaker Jindal South West Steel Ltd. (JSW Steel). Since then, the converter is in full production mode. It is part of an order received in September 2014 under which Primetals Technologies will exchange a total of four LD (BOF) converters. The converters are made of high-temperature creep-resistant steel. In conjunction with a combined air and water cooling system, this will achieve a long service life. The new converters will have a larger interior volume than the previously used models. This will reduce slopping. The remaining converters will be consecutively replaced until spring 2016.

JSW Steel is the leading steel producer in India with an installed capacity of 14.3 million metric tons of steel per annum. Of this total, ten million metric tons are produced alone by the Vijayanagar steel works in Toranagallu, in the State of Karnataka. On account of the high maintenance requirement of the existing LD converters in steel works no. 2, JSW Steel decided to replace them with new converters from Primetals Technologies.

Each converter will have a tapping weight of 180 metric tons. Primetals Technologies will supply the converter vessels, including the trunnion rings and suspension systems. All the converters will be equipped with bottom-stirring systems. The converters will be constructed of high-temperature creep-resistant materials in order to limit heat-related deformations. In conjunction with a specially designed, combined air and water cooling system, this will achieve not only a long service life but also reduce maintenance requirements. Each converter will have a water-cooled cone cooling system and air cooled trunnion ring. The scope of delivery will also include two new tilting drives, two sets new quick-change couplings for top blowing lances, and the complete basic automation (level 1) for the converters. Primetals Technologies will also be responsible for supervising the installation and commissioning, and will engineer the modifications required to the converter housings.

Source: Primetal Technologies

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