Review of global steel production and production capacities conducted by MEPs
Nippon Steel's decarbonization in Japan, the start of rebar production at the new Hybar plant in Arkansas, and the growth of stainless steel production in China are detailed in the latest steel capacity survey prepared by MEPS.
The monthly report on the development of steelmaking facilities is presented in detail in the MEPS report. European Steel Review, International Steel Review and Stainless Steel Review[/url].[url= / / /gb/en/pages/contact-meps]Contact members of the European Parliament for detailed information on how to subscribe to this monthly publication, which publishes steel prices and indices, market commentary and steel price forecasts for six months.
North America
[b]ArcelorMittal[/b]
ArcelorMittal has acquired the Alabama-based AM/NS Calvert joint venture, which previously operated in partnership with Nippon Steel.
The Japanese steel producer has decided to sell its 50% stake in the ArcelorMittal facility for a nominal fee of $1 to mitigate any antitrust concerns following the acquisition of US Steel.
As part of the agreement, ArcelorMittal also received monetary support in the amount of 0.9 billion dollars. Nippon Steel cancelled the loan.
The company, which has been operating since 2010, was renamed ArcelorMittal Calvert. The plant's capacity for the production of flat rolled products is 5.3 million tons per year.
[b]Hybar[/b]
The Arkansas-based rebar manufacturer Hybar has produced the first bars at its new plant in Osceola with a capacity of 700,000 tons per year.
The $1 billion facility, which has been under construction since August 2023, can produce direct fittings in imperial bar sizes from 3 to 18 in the United States. Coils weighing up to eight tons can also be manufactured in sizes from 3 to 8.
After the completion of the Osceola plant, the company is considering the possibility of expanding its operations, at least by creating another production facility. Potential sites in South Carolina, Georgia, Idaho and Washington are being considered.
[b]Cleveland Cliffs[/b]
Cleveland-Cliffs has commissioned a $150 million vertical stainless steel annealing line at its plant in Coshocton, Ohio.
The new line that it has has been developed for use in the automotive and household appliance markets, it uses a 100% hydrogen environment, eliminating the need for traditional acid treatment.
It is also equipped with a hydrogen recovery system that allows you to mix recycled and new hydrogen in a 50:50 ratio, which increases environmental friendliness. Cleveland-Cliffs acquired a site in Coshocton as part of the purchase of AK Steel in 2020.
[b]Europe[/b]
[b]ArcelorMittal[/b]
ArcelorMittal Distribución Iberia has confirmed that it is building a new service and distribution center at its plant