Home / Metal News / Steel & Iron Ore / Demand picks up American Steel plans to restart No. 6 blast Furnace at Gary Plant
Demand picks up American Steel plans to restart No. 6 blast Furnace at Gary Plant
Jul 1,2020 10:58CST
translation
[demand picks up US Steel plans to restart No. 6 blast furnace at the Gary plant] US Steel said in a statement that it plans to restart the (Gary Works) No. 6 blast furnace at the Gary plant, mainly because there are already signs that customer demand is recovering. Due to the new crown virus, some car factories closed and steel demand weakened, so the U. S. Iron and Steel Company shut down the No. 6 blast furnace in late April.
The content below was translated by Tencent automatically for reference.

SMM7: us Steel said in a statement that it plans to restart the (Gary Works) No. 6 blast furnace at the Gary plant, mainly because there are signs that customer demand is recovering. Due to the new crown virus, some car factories closed and steel demand weakened, so the U. S. Iron and Steel Company shut down the No. 6 blast furnace in late April.

Us Steel spokesman Meghan M. Cox said, "We are always ready to provide services to customers because they can use existing blast furnaces to adapt to changing market conditions, including intermittent adjustment operations if necessary to adapt to changes in orders."

At present, the No. 4 blast furnace is still idle in the Gary plant. After losing $391 million in the first quarter, American Steel also left operations idle in Minnesota, Michigan, Ohio and Texas.

It is reported that the Gary plant (Gary Works) is a large steel plant located on the banks of Lake Michigan in Gary, Indiana. For many years, Gary Plant (Gary Works) has been the largest steel mill in the world and is still the largest integrated steel mill in North America. It is operated by American Iron and Steel Co., Ltd. The Gary plant, which includes steelmaking and finishing facilities, has an annual capacity of 7.5 million tons.

According to public data, American Steel, founded by Andrew Carnegie in 1901, with total assets of $1.4 billion, is the first "$1 billion company" in the United States. Formed by the merger of 11 steel companies, it is a vertical trust that controls not only steel mills, but also iron ore companies, shipping companies and railway companies.

Us Steel lost $391 million in the first quarter and expects to lose $315 million in the second quarter as a result of the COVID-19 epidemic and the economic turmoil it caused. Us steel companies earlier warned that it could temporarily lay off 6500 workers nationwide, accounting for more than 1/3 of the total of 16000 employees in North America.

2020 China Ni-Cr stainless Steel Industry Market and Application Development Forum

Scan the QR code, apply for participation or join the SMM metal exchange group

Steel
America
cars

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news