by Guest » July 9, 2016, 9:02 pm
Just to add what I wrote earlier, the second-half of 2016 should be better in terms of pricing sustainability for the domestic steel producers versus recent years. Currently, 7.8 million tons of yearly steel capacity is shutdown, and as the market improves its expected these blast furnacs will be restarted.
Here is a list of blast furnaces currently idled.
Indiana Harbor West #3 1.6 million tons
Ashland 1.0 million tons
Granite City 2.8 million tons
Fairfield, Alabama 2.4 million tons
Of these, the blast furnace at Fairfield is expected to be replaced by an Electric-Arc Furnace when the market recovers. The others will also be reactivated as the market warrants.
Just to add what I wrote earlier, the second-half of 2016 should be better in terms of pricing sustainability for the domestic steel producers versus recent years. Currently, 7.8 million tons of yearly steel capacity is shutdown, and as the market improves its expected these blast furnacs will be restarted.
Here is a list of blast furnaces currently idled.
Indiana Harbor West #3 1.6 million tons
Ashland 1.0 million tons
Granite City 2.8 million tons
Fairfield, Alabama 2.4 million tons
Of these, the blast furnace at Fairfield is expected to be replaced by an Electric-Arc Furnace when the market recovers. The others will also be reactivated as the market warrants.