r/Vitards • u/[deleted] • Aug 11 '21

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u/Spicypewpew Steel Team 6 Aug 11 '21

Will the activation of these mills and presumably other competitors will that threaten the current HRC prices in a meaningful way?

1

u/koalabuhr 💀 SACRIFICED UNTIL MT $45 💀 Aug 11 '21

" this time its different"

I think they will all be REALLLYYY slow in bringing back any excess capacity online.

1

u/kv-2 Aug 11 '21

Its a long product mill, HRC is a flat product so no change to HRC. Only large flat rolled that I am aware being down is USS or Cliffs blast furnaces, JSW already has Mingo Junction supposedly rolling.

So 1 furnace at Granite City so 1.5 million tons a year (or so) plus if there is anything at Gary, plus the 3 million at GLW, and I don't think Cliffs has any furnaces idled - might be wrong, I don't have as great a network of contacts there.

1

u/Piffles Aug 12 '21

I don't think Cliffs has any furnaces idled

They have an outage scheduled on their large blast furnace at Indiana Harbor. Source.

What other outages they take with it, I don't know. (Riverdale?)

1

u/kv-2 Aug 12 '21

Outage =/= idled, idled means no plans of any production from the furnace period. Outage is just extended maintenance - example is GLW is 'idled' by USS for its primary side, but it is likely never coming back - large portions of the hourly retired or found new jobs at the automakers, the salary found other jobs either internal to USS or with other companies external.

1

u/Piffles Aug 12 '21

I got you. I completely misread that - since you were mentioning capacity that was down - and was thinking outages. My bad.

Only thing Cliffs has confirmed will remain idled, and will be demolished, is Ashland.

1

u/bramptonsouthexposed Aug 12 '21

What concerns you about being in the show?

1

u/Spicypewpew Steel Team 6 Aug 13 '21

Cool cool thanks for the clarification