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U.S. aluminum/steel shutting down
Posted on 8/11/22 at 7:42 am
Posted on 8/11/22 at 7:42 am
quote:
At least two steel mills have begun suspending some operations to cut energy costs, according to one industry executive, who asked not to be identified because the information isn’t public. In May, a group of factories across the US Midwest warned federal energy regulators that some were on the verge of closing for the summer or longer because of what they described as “unjust and unreasonable” electricity costs. They asked to be wholly absolved of some power fees—a request that, if granted, would be unprecedented. [Emphasis added]
quote:
On June 22, 600 workers at the second-largest aluminum mill in America, accounting for 20% of US supply, learned they were losing their jobs because the plant can’t afford an electricity tab that’s tripled in a matter of months. Century Aluminum Co. says it’ll idle the Hawesville, Kentucky, mill for as long as a year, taking out the biggest of its three US sites. A shutdown like this can take a month as workers carefully swirl the molten metal into storage so it doesn’t solidify in pipes and vessels and turn the entire facility into a useless brick. Restarting takes another six to nine months. For this reason, owners don’t halt operations unless they’ve exhausted all other options.
This in turn will drive up cost for items that have to have these basic metals.
LINK
Posted on 8/11/22 at 7:48 am to SantaFe
It's cool, just print infinite money and pay infinite subsidies.
Posted on 8/11/22 at 7:49 am to SantaFe
If we would stop exporting natural gas it could help with our energy costs.
Just saying.
Just saying.
Posted on 8/11/22 at 7:49 am to SantaFe
quote:
This in turn will drive up cost for items that have to have these basic metals.
Interesting. I just got notice two days ago from my aluminum supplier that prices are going down 20%.
This post was edited on 8/11/22 at 7:50 am
Posted on 8/11/22 at 7:49 am to SantaFe
If you're running an operation so lean that you can't pay your electricity bill your operation was probably on its way out anyway.
Posted on 8/11/22 at 7:51 am to SantaFe
Something tells me solar panels and windmills are useless here.
Posted on 8/11/22 at 7:52 am to AllDayEveryDay
quote:
If you're running an operation so lean that you can't pay your electricity bill your operation was probably on its way out anyway.
Yeah, frick it. We need to just outsource it to China like everything else. It's not like we had a massive pandemic that showed how fragile our global supply chain is, especially for strategic materials.
Posted on 8/11/22 at 7:54 am to aTmTexas Dillo
quote:
Something tells me solar panels and windmills are useless here.
It's funny how, no matter which direction we turn, the solution is to bring all our energy solutions in from abroad.
Posted on 8/11/22 at 7:57 am to hg
“The Adults are back in charge”
Posted on 8/11/22 at 7:57 am to upgrayedd
quote:
Yeah, frick it. We need to just outsource it to China like everything else. It's not like we had a massive pandemic that showed how fragile our global supply chain is, especially for strategic materials.
Yep. The pandemic tried to teach us just how fragile our way of life is.
The more we depend on China, the fewer bullets they'll have to fire to take our country.
Posted on 8/11/22 at 7:59 am to SantaFe
At least we got those documents back from trump though
Posted on 8/11/22 at 7:59 am to AllDayEveryDay
quote:
If you're running an operation so lean that you can't pay your electricity bill your operation was probably on its way out anyway.
Eh, if one of your most consumed inputs triples you weren't really running that lean.
Posted on 8/11/22 at 8:00 am to SantaFe
They're crashing this plane with no survivors
Posted on 8/11/22 at 8:02 am to tigeroarz1
quote:
Who is John Galt?
Came here to post this.. It's actually happening.
Posted on 8/11/22 at 8:02 am to SantaFe
Steel is starting to go upside down now. From the beginning of Covid, for standard steel plate- average cost went from .32 cents a pound to upwards of .95 cents a pound. It is starting to cool off finally with HRC free falling and piping and tubing taking a dive as well. The mills though are still giving end users the run around. The "staffing shortages" and "outages" are still putting users in a lead time hell. Even the most common of sizes that you used to be able to get it a week have roll times pushed out for months.
Posted on 8/11/22 at 8:03 am to SantaFe
Im on a big project in the early stages of procurement and this not new information.
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