Iron ore shipments to Midwestern steel mills are down 26 percent so far this year, after an unforgiving winter choked the Great Lakes with the thickest and most extensive ice in decades.
Northwest Indiana steel mills rely on a steady flow of shipping traffic across the Great Lakes to provide them with enough raw materials to forge metal, but the record-setting ice was so thick this winter that a boat trip that normally takes 12 hours stretched for eight days in February. Th…
GARY | The nation's largest steel mill is still running at reduced capacity, and iron ore sourcing problems persist because of the worst winter for Great Lakes shipping in decades.
The winter from hell has caused the shutdown of blast furnaces that normally burn around the clock at U.S. Steel Gary Works.
United States Steel Corp. is taking another look at plans to switch to a coke alternative in the steelmaking process, and replacing a blast furnace at a southern mill with a lower-cost electric arc furnace.
Ships, including iron ore freighters bound for Northwest Indiana steel mills, have been jamming up the ice-choked St. Marys River in recent weeks as they rush to make deliveries before the Soo Locks close this week.
GARY | A Great Lakes freighter hauling iron ore to the Gary Works steel mill rear-ended a U.S. Coast Guard icebreaker that was cutting a path through the frozen surface of Lake Michigan.
VALPARAISO | About 16 years ago, Robert Palumbo got the idea of taking something nobody wants — basically, rust — and using it to produce something almost everybody can use — hydrogen — using solar energy.
DULUTH, Minn. | Minerals and metallurgical engineer Don Fosnacht said having an "ungodly vast" array of natural resources is a good situation.
Capitalizing on cheap natural gas, becoming more cost competitive and enhancing its coke position were among the goals United States Steel Corp. executives outlined in a conference with analysts late last month.
U.S. Steel is continuing a project in Gary to build two modules that produce a carbon alloy material that would be a substitute for traditionally manufactured coke in steelmaking.
Raw material price volatility is pushing steel industry executives to implement new processes or vertical integration. At the Association for Iron & Steel Technology's annual conference last week, company leaders said the price increases on coal, coke and iron ore are driving the need to…
INDIANAPOLIS | Steel industry executives said Wednesday they have to continue finding ways to reduce their exposure to raw material price volatility by implementing new processes or vertical integration.
ArcelorMittal USA Inc. will pay a Cleveland-based mining company at least $250 million to settle disputes on iron ore supply contracts.
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