Jan. 6, 2016
 
U.S. Steel Postpones EAF at Fairfield Works

United States Steel Corp. will postpone construction of the electric arc furnace at its Fairfield Works in Birmingham, Ala., due to the challenging market conditions in both the oil and gas and steel industries.
 
In mid-December, oil prices hit an eight-year low in the same week that rig counts dropped to a 16-year low of 709. The company continues to feel the effect of these weak energy market conditions, along with low steel prices and high levels of imports, and plans to postpone construction of the 1.6-million-ton EAF until market conditions improve.
 
U.S. Steel executives say postponement of the EAF project will not impact the company's ability to serve its customers across all sectors. The company will continue to operate the Fairfield pipe mill and steelmaking operations in Indiana, Michigan and Pennsylvania. Fairfield's No. 5 coating line and the Double G hot-dip galvanizing joint venture in nearby Jackson, Miss., also will continue to operate.


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Sunday, October 22, 2017