Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,323,000 net tons (NT) of steel in December 2015, including 2,017,000 NT of finished steel (down 5.3 percent and up 3.2 percent, respectively, vs. November final data).
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported that steel import permit applications for the month of January total 2,696,000 net tons (NT).
Nucor Corporation disclosed that its direct reduced iron (DRI) plant in Louisiana resumed operations at the end of January.
The plant temporarily suspended production at the end of last year for planned maintenance and the company decided not to resume production at that time based on market conditions. Nucor’s raw materials strategy is built on flexibility. The company constantly evaluates the market for the lowest cost raw material inputs at the quality levels the customers need. Changes in the raw materials market led to the decision to restart plant operations.
Published in the March 2016 Edition of American Recycler News
Novelis disclosed a long term commitment to the Cayuga Community College’s Fulton campus to launch an Advanced Manufacturing Institute, including an industrial maintenance technician program and an advanced laboratory and training center.
Alcoa Inc. appointed Ulrich Schmidt, John C. Plant and Sean O. Mahoney to serve on the company’s board of directors.