Posted on 17 Mar 2023
Integrated steelmaker US Steel has restarted its last remaining idled blast furnace at its Gary Works steel mill in Indiana.
The company brought back online its 1.5mn short tons (st)/yr No. 8 blast furnace at Gary Works, which had been idled since 7 September 2022, as demand improved.
US Steel blamed high import levels and market conditions when it idled the furnace.
The decision comes about a month after US Steel restarted its idled 1.4mn st/yr No. 3 blast furnace at its Mon Valley Works in Pennsylvania.
The Argus US HRC Midwest and southern assessments rose to $1,150/st yesterday and have risen by 83pc since hitting a recent low in late November.
Source:Argus Media
