Explosion at US Steel Great Lakes Works Kills 1 Worker, Injures 2 Others

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A United States Steel Corp plant near Detroit reported “an explosion early this morning…[that] killed one worker and injured two others,” reports Bloomberg Businessweek.

“Steelmaking operations have stopped, and the company said it’s investigating the overnight incident along with the United Steelworkers union and regulators.”

“Antonino Palazzolo, a 32-year-old remote-control locomotive operator who had worked at the company for almost two years, was killed in the explosion, according to an e-mailed statement from Courtney Boone, a spokeswoman for the Pittsburgh-based manufacturer. Two others had minor injuries and received medical treatment.”

“The company’s Great Lakes Works site, where the explosion occurred, is capable of about 3.8 million net tons of steelmaking per year, according to the company’s website. The plant is along the Detroit River in the Michigan towns of Ecorse and River Rouge.”

In metal price news for steel…

Chinese steel prices were flat for the day. The price of iron ore 58% fines from India were range bound. The price of Chinese HRC was essentially unchanged. The price of Chinese coking coal was unchanged.

Also on the LME, the cash price of steel billet saw little change in its price last Friday at $260.00 per metric ton. The 3-month price of steel billet remained essentially flat on the LME at $260.00 per metric ton.

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The US HRC futures contract 3-month price saw little movement last Friday at $645.00 per short ton. For the fifth day in a row, the US HRC futures contract spot price remained essentially flat at $676.00 per short ton.