Robert R
Hot Rolled
- Joined
- Aug 27, 2005
- Location
- Raymond , CA
A quick look at the modern facility:
This is one of the many US Steel plant closures over the last five years. The plant was established in 1910 and includes over 1000 acres of land with 80 acres under roof. The operation from 1986 onward included a 50-50 partnership with POSCO steel. The companies invested over $500 million in upgrading the mill.
In 2020 US Steel bought out POSCO's share of the partnership. They then shut the facility down.
It appears that a late model stand alone cold rolling mill cannot compete economically with a integrated continuous caster - rolling mill facility. This is surprising considering the current high prices for cold rolled products and the profits being generated by the major steel producers such as Nucor. It may also be that 1072 acres of Bay Area land is worth too much to be used as a steel mill.
This is the new integrated mill that is being built by US steel:https://www.recyclingtoday.com/article/us-steel-breaks-ground-eaf-steel-mill-complex/
As usual there were some taxpayer subsides at play.
This is one of the many US Steel plant closures over the last five years. The plant was established in 1910 and includes over 1000 acres of land with 80 acres under roof. The operation from 1986 onward included a 50-50 partnership with POSCO steel. The companies invested over $500 million in upgrading the mill.
USS - UPI - History steel finishing plant
Since 1910, UPI has adapted to the varying needs of the marketplace, always with an eye toward better business, better service, and becoming a better partner to our customers.
www.ussupi.com
In 2020 US Steel bought out POSCO's share of the partnership. They then shut the facility down.
U.S. Steel Buys Remaining Shares of USS-POSCO - Metal Center News
U.S. Steel has acquired the remaining 50 percent of the shares of USS-POSCO Industries from POSCO-California Corp. UPI had been a 50-50 joint venture with South Korea's POSCO Industries.
www.metalcenternews.com
It appears that a late model stand alone cold rolling mill cannot compete economically with a integrated continuous caster - rolling mill facility. This is surprising considering the current high prices for cold rolled products and the profits being generated by the major steel producers such as Nucor. It may also be that 1072 acres of Bay Area land is worth too much to be used as a steel mill.
This is the new integrated mill that is being built by US steel:https://www.recyclingtoday.com/article/us-steel-breaks-ground-eaf-steel-mill-complex/
As usual there were some taxpayer subsides at play.
US Steel will expand its facility in Arkansas
The new jobs expected to be on-line in Mississippi County by 2024.
arktimes.com
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