Moret: No steel mill decision until 2010
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to pull the trigger on a more than $2 billion pig iron mill that could come to St. James Parish, a state official said.
Nucor remains concerned about carbon-emissions legislation that could be passed by Congress, said Stephen Moret, the Louisiana economic development secretary.
Steel production has steadily climbed for more than three months, rising in all but one week during the period. Steel plants in the U.S. now are at more than 65 percent of capacity since the recession dropped them from near full production in mid-2008 to the 40 percent range in early 2009.
“Nucor continues to be very concerned about the potential impact of proposed cap-and-trade legislation at the federal level,” Moret said, adding that strict limits could dampen manufacturing competitiveness in the U.S. Nucor also is considering a Brazil site.
“We don’t expect a decision from them on the potential Louisiana project until sometime next year,” he said.
In Alabama, ThyssenKrupp AG, which is the company that chose the Mobile area over the same St. James Parish site in 2007, will soon open its steel mill.
A trade journal, Steel Business Briefing, reported today that ThyssenKrupp’s Duisberg steelworks in Germany will supply slabs for the Alabama mill when it opens in the second quarter of 2010. A year later, that supply chain will convert to a ThyssenKrupp joint venture mill in Sepetiba, Brazil, reported Steel Business Briefing, citing company financial reports in which ThyssenKrupp said the Mobile mill is “largely on schedule.”
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