FEATURE | AISTECH 2026
FEATURE | MODEX 2026
Business opportunities abound, with 8,500 guests attending from all over the world.
there continues to be significant reinvestment in steel production as well as all the greenfield and brownfield steel mill projects on the books. Philip Bell, president of the Steel Manufacturers Association, says that already about $25bn has been invested in new US steel mills and steel mill upgrades with the potential for additional investment to be announced given expectations for more onshoring or reshoring of manufacturing to the US.
He admits that some of the announced steel
mill projects – particularly some that that were announced by certain foreign producers – have not been constructed yet, including a 2.7 million short tonne sheet mill expected to be built in Louisiana by Hyundai Steel.
decarbonisation, says Ashburn, with a strong focus on energy generation and efficiency, electrification, low and no-carbon fuels and carbon capture, utilisation and storage as well as programming related to digitalisation advances with AI use for such processes being a prominent component of those discussions. Although the Trump administration has placed a stronger focus on traditional energy sectors,
70 Summer 2026 |
ochmagazine.com
Ashburn noted that the steel industry remains committed to its sustainability goals at the same time as it is seeing competition from data centres, whose energy needs are orders of magnitude higher than that by steelmakers and is resulting in certain challenges that require outside-the- box thinking.
“I also think we’ll hear a lot of discussion around project management,” Ashburn says, as
But, on the other hand, he maintains that virtually all the projects announced by US electric arc furnace steelmakers are going “full steam ahead” and are either under way, near completion or are ramping up. For example, he notes that both Nucor’s three
million tonne a year West Virginia sheet mill and CMC’s 500,000t rebar micro-mill, which is also located in West Virginia) are expected to be completed by the end of this year. This comes at the same time as several other US steel mills, including Nippon Steel/US
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