Ads
related to: mini mill
Search results
Results from the WOW.Com Content Network
The number of integrated steel mills has continued to decline, and in 2014, only 11 integrated mills were operating in the US. Most of the steel produced has been by the growing number of mini-mills, also called specialty mills, which in 2014 numbered 113. In 1981, mini-mills produced an estimated 15% of US steel. [13]
The United States is also a major importer of iron and steel, as well as iron and steel products. Employment as of 2014 was 149,000 people employed in iron and steel mills, and 69,000 in foundries. The value of iron and steel produced in 2014 was $113 billion. [1] About 0.3% of the US population is employed by the steel industry.
In 1989, Nucor opened a facility in Crawfordsville, Indiana, the first mini mill in the world to produce flat rolled steel using thin-slab technology. [9] [10] In March 2000, a joint venture, owned 47.5% by Nucor, 47.5% by BlueScope, and 5% by IHI Corporation was formed to license Castrip technology. [11]
One pioneer of this mini-mill technology, Charlotte-based Nucor has a market capitalization of $42.5 billion compared to US Steel’s value of just over $14 billion as set by this deal.
Integrated steel mill in the Netherlands.The two large towers are blast furnaces.. A steel mill or steelworks is an industrial plant for the manufacture of steel.It may be an integrated steel works carrying out all steps of steelmaking from smelting iron ore to rolled product, but may also be a plant where steel semi-finished casting products are made from molten pig iron or from scrap.
A typical steelmaking arc furnace is the source of steel for a mini-mill, which may make bars or strip product. Mini-mills can be sited relatively near the markets for steel products, so the transport requirements are less than for an integrated mill, which would commonly be sited near a harbor for better access to shipping.
Ads
related to: mini mill