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Released December 13, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Led by a slew of steel mill and copper smelter projects, the U.S. Metals & Minerals Industry is expected to spend more than $1 billion on maintenance-related projects with planned kickoffs during the first half of 2020.
Click on the image at right for a graph showing planned first-half 2020 Metals & Minerals maintenance activity by U.S. market region.
Two of the more substantial maintenance projects involve copper mining smelters.
In Magna, Utah, near Salt Lake City, global mining and metals giant Rio Tinto plc (NYSE:RIO) (London, England) plans to conduct a 4-5 week maintenance shutdown at its Kennecott Bingham Canyon Complex and Garfield copper smelter during the second quarter of 2020. The Bingham Canyon Copper Complex consists of a 150,000-ton-per-day blast hole open-pit mine, the Copperton Concentrator, along with the 1 million-ton-per-year Garfield smelter and metal refinery. For more information, see Industrial Info's project report.
Rio Tinto recently announced it plans to invest $1.5 billion over the next six years to continue production at the Kennecott operation to at least 2032. In addition to copper, Kennecott is one of the largest producers of gold, silver, platinum group metals and molybdenum in North America, according to the company.
At its 720,000-ton-per-year copper smelter complex in Hayden, Arizona, ASARCO LLC (Tucson, Arizona), a subsidiary of Grupo Mexico (Mexico City, Mexico), plans to conduct a 30-day spring maintenance shutdown during the second quarter. For more information, see Industrial Info's project report.
The steel industry in the U.S. was beleaguered in 2019 by low prices and falling profits, or even losses, but that hasn't stopped plans for more than $400 million in steel works and blast furnace maintenance during the first half of 2020.
These include a series of maintenance events planned over the course of next year at AK Steel Holding Corporation's (NYSE:AKS) (West Chester, Ohio) Middleton, Ohio, steel works. The first major 4-10 day maintenance shutdown at the 2.7 million-ton-per-year mill is scheduled for the first quarter, followed by a second major shutdown in the third quarter. For more information, see Industrial Info's project report.
Iron-ore-pellets-producer Cleveland-Cliffs Incorporated (NYSE:CLF) (Cleveland, Ohio) announced plans earlier this month to acquire AK Steel next year to create a vertically integrated iron ore and steel firm. For more information, see December 4, 2019, article - Cleveland-Cliffs-AK Steel Combo to Create Iron-Ore-to-Finished-Steel Maker in Great Lakes Region.
In Gary, Indiana, United States Steel Corporation (NYSE:X) (U.S. Steel) (Pittsburgh, Pennsylvania) is planning a series of weekly 8-to-6-hour rolling shutdowns and planned 1-week shutdowns at its 7.5 million-ton-per-year Gary Steel Works complex from May through October. For more information, see Industrial Info's project report.
U.S. Steel reported a net loss of $84 million in third-quarter 2019, compared with $291 million in net earnings for the same period of 2018. According to news reports, the company laid off some of its employees in November at the Gary Steel Works and other sites.
The Gary Steel Works also was hit by flooding in late November, but the steel maker was in the process of restarting its blast furnaces, according to news accounts.
Other Metals & Minerals sectors also are planning substantial maintenance work next year. In Logansport, Indiana, Lehigh Hanson Incorporated (Irving, Texas), a subsidiary of HeidelbergCement AG (Heidelberg, Germany), is planning for 2-3 week shutdowns at its 1.3 million-ton-per-year limestone quarry and 450,000-ton-per-year cement plant. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Two of the more substantial maintenance projects involve copper mining smelters.
In Magna, Utah, near Salt Lake City, global mining and metals giant Rio Tinto plc (NYSE:RIO) (London, England) plans to conduct a 4-5 week maintenance shutdown at its Kennecott Bingham Canyon Complex and Garfield copper smelter during the second quarter of 2020. The Bingham Canyon Copper Complex consists of a 150,000-ton-per-day blast hole open-pit mine, the Copperton Concentrator, along with the 1 million-ton-per-year Garfield smelter and metal refinery. For more information, see Industrial Info's project report.
Rio Tinto recently announced it plans to invest $1.5 billion over the next six years to continue production at the Kennecott operation to at least 2032. In addition to copper, Kennecott is one of the largest producers of gold, silver, platinum group metals and molybdenum in North America, according to the company.
At its 720,000-ton-per-year copper smelter complex in Hayden, Arizona, ASARCO LLC (Tucson, Arizona), a subsidiary of Grupo Mexico (Mexico City, Mexico), plans to conduct a 30-day spring maintenance shutdown during the second quarter. For more information, see Industrial Info's project report.
The steel industry in the U.S. was beleaguered in 2019 by low prices and falling profits, or even losses, but that hasn't stopped plans for more than $400 million in steel works and blast furnace maintenance during the first half of 2020.
These include a series of maintenance events planned over the course of next year at AK Steel Holding Corporation's (NYSE:AKS) (West Chester, Ohio) Middleton, Ohio, steel works. The first major 4-10 day maintenance shutdown at the 2.7 million-ton-per-year mill is scheduled for the first quarter, followed by a second major shutdown in the third quarter. For more information, see Industrial Info's project report.
Iron-ore-pellets-producer Cleveland-Cliffs Incorporated (NYSE:CLF) (Cleveland, Ohio) announced plans earlier this month to acquire AK Steel next year to create a vertically integrated iron ore and steel firm. For more information, see December 4, 2019, article - Cleveland-Cliffs-AK Steel Combo to Create Iron-Ore-to-Finished-Steel Maker in Great Lakes Region.
In Gary, Indiana, United States Steel Corporation (NYSE:X) (U.S. Steel) (Pittsburgh, Pennsylvania) is planning a series of weekly 8-to-6-hour rolling shutdowns and planned 1-week shutdowns at its 7.5 million-ton-per-year Gary Steel Works complex from May through October. For more information, see Industrial Info's project report.
U.S. Steel reported a net loss of $84 million in third-quarter 2019, compared with $291 million in net earnings for the same period of 2018. According to news reports, the company laid off some of its employees in November at the Gary Steel Works and other sites.
The Gary Steel Works also was hit by flooding in late November, but the steel maker was in the process of restarting its blast furnaces, according to news accounts.
Other Metals & Minerals sectors also are planning substantial maintenance work next year. In Logansport, Indiana, Lehigh Hanson Incorporated (Irving, Texas), a subsidiary of HeidelbergCement AG (Heidelberg, Germany), is planning for 2-3 week shutdowns at its 1.3 million-ton-per-year limestone quarry and 450,000-ton-per-year cement plant. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
