Nucor Corp May Build Mill at DRI Plant, US HRC Futures Down

Nucor is not discounting a blast furnace or steel mill at its DRI facility in Louisiana.

Via AMM and Metal Bulletin: “The 4,000-acre site gives the company scope to add steelmaking capacity or revisit its original plan for a blast furnace operation, Nucor [CEO] John Ferriola told delegates at Metal Bulletin sister publication AMM’s DRI & Mini-mills Conference in New Orleans. ‘Given the large size of it, there are other things we might do,’ Ferriola said. ‘We’re still considering putting in a blast furnace and coke ovens.'”

On Wednesday, September 11, the day’s biggest mover on MetalMiner’s steel price index was the US HRC futures contract 3-month price, which saw a 0.3 percent decline to $623.00 per short ton. The US HRC futures contract spot price saw little movement on Wednesday, closing out around $642.00 per short ton.

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Chinese steel prices were flat for the day. The price of iron ore 58% fines from India inched a tiny bit higher. The price of Chinese HRC held steady. The price of Chinese coking coal held steady as well.

The cash price of steel billet held steady yesterday on the LME, remaining around $150.00 per metric ton. On the LME, the steel billet 3-month price saw little change in its price yesterday at $175.00 per metric ton.

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