LMM Global Steel Information Quick View (2021.10.27)
U.S. Cleveland-Cliffs ceases production of two blast furnaces in the fourth quarter
According to Mysteel, the U.S. integrated steel manufacturer Cleveland-Cliffs will cut its production by 300,000 short tons in the fourth quarter, because the company expects auto demand to recover in the first quarter of 2022 in order to better cope with auto demand in the first quarter of 2022. The company will promote the planned shutdown of production, which was originally planned for 2022.
Therefore, in the fourth quarter, there will be maintenance interruptions on the hot end of the 5 million short ton/year integrated blast furnace in Burns Harbor, Indiana, and the 2.2 million interruption/year blast furnace in Dearborn, Michigan.
Prior to this, the Cleveland-Cliffs Indiana Port No. 7 blast furnace had a 45-day shutdown from September 1. The blast furnace has a capacity of 4.63 million short tons per year, which is the largest blast furnace in the United States.