Skip to main content

US Steel Company Will Temporarily Shut Down 3 Blast Furnaces

US Steel Company Will Temporarily Shut Down 3 Blast Furnaces

Beginning in 2018, the US government has been promoting the huge contribution of the steel-aluminum tariff policy introduced in March last year to the revitalization of the domestic steel industry. However, there have been different industry trends in the United States recently. US Steel Corp., one of the beneficiaries of the import tariff policy, announced that it would temporarily shut down two blast furnaces in the US and a blast furnace in Europe. The shutdown will continue until the market environment improves. As a professional manufacturer, Glory Steel could offer steel flat bar crane rail.
The decision was made at a time when US steel prices continued to fall, as there was widespread concern that new capacity that emerged in the next few years could lead to oversupply. After the implementation of the new steel and aluminum tariffs in the United States, several US steel mills have announced plans to expand capacity or restart existing projects, including Nucor Corp., Steel Dynamics Inc., and Commercial Metals Co. and US Steel.
“In the United States, our B2 blast furnace at Great Lakes last week has been scheduled to go out of service,” said the Pittsburgh-based US Steel Company. “Based on current market conditions, we expect the B2 blast furnace to remain closed after completion of the overhaul. In addition, we expect the Group’s Garry plant to temporarily shut down a Southern District blast furnace.”
To be sure, the tariff does provide an adrenaline-like development for the US steel industry. Nucor Steel and U.S. Steel, the largest US steelmakers, achieved significant profit growth in 2018. But in general, investors have reason to feel that they are being blinded. The S&P Supercomposite Steel Index, which covers 13 US steel companies, has fallen 29% in the past year, with US Steel’s share price falling by as much as 60%, ranking at the top among 13 sample companies list. If you have any steel flat bar crane rail purchasing plan, pls feel free to contact us.

Comments

Post a Comment

Popular posts from this blog

30 LB RAIL FOR SALE

  30 LB RAIL FOR SALE What is a 30 lb rail? A 30 lb rail refers to a rail weighing 30 lb in meters, which is an ASCE 30 model rail produced according to ASTM A1. As a common light track, it is mainly used for laying mining track lines. Therefore, it is widely used in the South American market. The dimensions of the 30 lb rail are as follows: Head width: 42.9mm Track height: 79.4mm Track bottom width: 79.4mm Waist thickness: 8.4mm GloryRail is an important  mining rail  supplier in China. Engaged in rail supply for more than 20 years. Rail products are exported to many countries and regions around the world. Trusted and supported by many mining customers. We maintain long-term cooperative relationships with many important customers in Peru, Colombia, Panama, and Venezuela in South America BUY 30 LB RAIL FROM CHINA As the world’s most important rail tracks production base. There are six major steel mills in China producing rails with an annual output of millions of tons. G...
Post a Comment
Read more

What is crane rail system

  What is crane rail system What is the Crane rail system? The crane rail system consists of rail,  rail clip , rail joint,  rail pad , and other rail accessories. Crane rail is a crane running route laid by steel rail, which can ensure that the crane runs along the specified line and transmit wheel pressure to the foundation. The rail is usually composed of two-wheel rails. The top of the rail is convex, and the ground is a flat plate with a certain width, which increases the contact surface with the foundation. The section of the rail is mostly I-shaped and has good bending strength. When the crane is running, the rail cannot move horizontally and longitudinally, and the rail should be easy to adjust. The fixed parts of rail and rail shall be free of crack, looseness, and corrosion; If there is any crack, it shall be replaced in time, and other defects shall be handled in time. As for the installation of the crane rail system, there are two kinds of rail beams commonly ...
Post a Comment
Read more

Study on the Influence of 40×60 Crane Rail Plate Stres

Study on the Influence of 40×60 Crane Rail Plate Stress The main operation mode of the overhead crane is the orbital operation, that is, the wheel supports the whole crane and transmits the gravity to the lower 40×60 crane rail , and the 40×60 crane rail receives the concentrated pressure from the crane wheel and guides the wheel to run. Therefore, the track device is the direct load-bearing structure of the crane device. Usually, special rails that meet the requirements of the wheels are used as crane rails. These rails are fixed with the pressure plate and the structure of the plant. If the crane runs at a slow speed, the operating frequency is not high, and the wheel pressure is not large, this solution can still meet the requirements. However, if the crane is in a high-speed, frequent or large-wheel working environment, the existing fixing method cannot meet the performance requirements. At this time, the phenomenon that the rail press plate bolt is broken is extremely likely to ...
Post a Comment
Read more