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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