Reports related to this article:
Project(s): View 10 related projects in PECWeb
Plant(s): View 10 related plants in PECWeb
Released September 12, 2023 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Metals & Minerals Industry is notching up orders from the energy and automotive sectors, fueled in part by major legislation such as the Inflation Reduction Act (IRA) and the CHIPS and Science Act (CHIPS Act), both of which were passed last year and are starting to bear fruit. Industrial Info is tracking nearly 150 maintenance-related projects in the U.S. Metals & Minerals Industry that are set to kick off from October through December, the bulk of which is attributed to downstream sectors such as metal rolling, and steel and glass manufacturing.
Click on the image at right for a graph detailing fourth-quarter maintenance-related projects in the U.S. Metals & Minerals Industry, by sector.
The sector that covers the rolling, processing, finishing and fabrication of metals accounts for more maintenance-related investment than any other in the U.S. Metals & Minerals Industry. Several of the top-valued projects are found in the U.S. South, including regular inspections and repairs at Mueller Industries Incorporated's (NYSE:MLI) (Memphis, Tennessee) copper tubing plant in Fulton, Mississippi, and Thermalex Incorporated's aluminum extrusion plant in Montgomery, Alabama. Both projects are expected to begin at the end of the year and wrap up in January. Thermalex is a subsidiary of Mitsubishi Corporation (Tokyo, Japan).
Other projects in this sector include Berg Steel Pipe Corporation's steel pipe mill in Panama City, Florida, which has the capacity to produce 400,000 tons per year. The shutdown at the facility, whose parent company is Borusan Holding (Istanbul, Turkey), is expected to run from one to two weeks in December. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can read detailed reports on the projects from Mueller, Thermalex and Berg Steel.
Some of the most recognizable names in the industry are preparing for maintenance shutdowns in their steel-manufacturing businesses. Projects in the steel-manufacturing sector, which accounts for the second-highest maintenance-related spending of any sector, include Nucor Corporation's (NYSE:NUE) (Charlotte, North Carolina) 2.4 million-ton-per-year hot steel mill in Crawfordsville, Indiana, and United States Steel Corporation's (NYSE:X) (Pittsburgh, Pennsylvania) 1.65 million-ton-per-year steel minimill in Osceola, Arkansas, both of which are expected in October; and Steel Dynamics Incorporated's (NASDAQ:STLD) (Fort Wayne, Indiana) 3.4 million-ton-per-year steel mill in Columbus, Mississippi, expected in November. Subscribers can read detailed reports on the projects from Nucor, U.S. Steel and Steel Dynamics.
TimkenSteel Corporation (NYSE:TMST) (Canton, Ohio) is preparing to begin work next month on the highest-valued fourth-quarter maintenance project in the steel-manufacturing sector: regular inspections and repairs at its 1 million-ton-per-year Faircrest Steel Mill in Canton, Ohio, which is expected to last about one week. Subscribers can learn more from Industrial Info's project report.
Nucor is among the companies bolstering its investments in steelmaking operations, citing strong demand from the "automotive, energy, heavy equipment, bridge construction, data centers and manufacturing" sectors, according to the company's most recent earnings-related conference call. Automotive companies, in particular, account for much of the demand across multiple sectors in the Metals & Minerals Industry, such as glass manufacturing. Fuyao Automotive North America Incorporated, a subsidiary of Fuyao Glass Industry Group Company Limited (Fuzhou, China), is preparing for two weeks of normal inspections and repairs at its automotive glass plant in Moraine, Ohio, in December. Subscribers can learn more from Industrial Info's project report.
Other glass companies preparing for fourth-quarter shutdowns include Ardagh Group (Luxembourg City, Luxembourg), which is preparing for a one-week shutdown at its glass bottles plant in Burlington, Wisconsin, and Anchor Glass Container Corporation (Tampa, Florida), which is preparing for a two- to three-day shutdown at its glass container plant in Elmira Heights, New York. Both are expected to occur in December. Subscribers can read detailed reports on the projects from Ardagh and Anchor Glass.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for maintenance-related projects across the U.S. Metals & Minerals Industry that are set to kick off in the fourth quarter.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing fourth-quarter maintenance-related projects in the U.S. Metals & Minerals Industry, by sector.The sector that covers the rolling, processing, finishing and fabrication of metals accounts for more maintenance-related investment than any other in the U.S. Metals & Minerals Industry. Several of the top-valued projects are found in the U.S. South, including regular inspections and repairs at Mueller Industries Incorporated's (NYSE:MLI) (Memphis, Tennessee) copper tubing plant in Fulton, Mississippi, and Thermalex Incorporated's aluminum extrusion plant in Montgomery, Alabama. Both projects are expected to begin at the end of the year and wrap up in January. Thermalex is a subsidiary of Mitsubishi Corporation (Tokyo, Japan).
Other projects in this sector include Berg Steel Pipe Corporation's steel pipe mill in Panama City, Florida, which has the capacity to produce 400,000 tons per year. The shutdown at the facility, whose parent company is Borusan Holding (Istanbul, Turkey), is expected to run from one to two weeks in December. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can read detailed reports on the projects from Mueller, Thermalex and Berg Steel.
Some of the most recognizable names in the industry are preparing for maintenance shutdowns in their steel-manufacturing businesses. Projects in the steel-manufacturing sector, which accounts for the second-highest maintenance-related spending of any sector, include Nucor Corporation's (NYSE:NUE) (Charlotte, North Carolina) 2.4 million-ton-per-year hot steel mill in Crawfordsville, Indiana, and United States Steel Corporation's (NYSE:X) (Pittsburgh, Pennsylvania) 1.65 million-ton-per-year steel minimill in Osceola, Arkansas, both of which are expected in October; and Steel Dynamics Incorporated's (NASDAQ:STLD) (Fort Wayne, Indiana) 3.4 million-ton-per-year steel mill in Columbus, Mississippi, expected in November. Subscribers can read detailed reports on the projects from Nucor, U.S. Steel and Steel Dynamics.
TimkenSteel Corporation (NYSE:TMST) (Canton, Ohio) is preparing to begin work next month on the highest-valued fourth-quarter maintenance project in the steel-manufacturing sector: regular inspections and repairs at its 1 million-ton-per-year Faircrest Steel Mill in Canton, Ohio, which is expected to last about one week. Subscribers can learn more from Industrial Info's project report.
Nucor is among the companies bolstering its investments in steelmaking operations, citing strong demand from the "automotive, energy, heavy equipment, bridge construction, data centers and manufacturing" sectors, according to the company's most recent earnings-related conference call. Automotive companies, in particular, account for much of the demand across multiple sectors in the Metals & Minerals Industry, such as glass manufacturing. Fuyao Automotive North America Incorporated, a subsidiary of Fuyao Glass Industry Group Company Limited (Fuzhou, China), is preparing for two weeks of normal inspections and repairs at its automotive glass plant in Moraine, Ohio, in December. Subscribers can learn more from Industrial Info's project report.
Other glass companies preparing for fourth-quarter shutdowns include Ardagh Group (Luxembourg City, Luxembourg), which is preparing for a one-week shutdown at its glass bottles plant in Burlington, Wisconsin, and Anchor Glass Container Corporation (Tampa, Florida), which is preparing for a two- to three-day shutdown at its glass container plant in Elmira Heights, New York. Both are expected to occur in December. Subscribers can read detailed reports on the projects from Ardagh and Anchor Glass.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for maintenance-related projects across the U.S. Metals & Minerals Industry that are set to kick off in the fourth quarter.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
