Pittsburgh, Pennsylvania-based Horsehead Holding Corporation, a producer of specialty zinc and zinc-based products and a recycler of electric arc furnace (EAF) dust, announced major maintenance outages in the fall during its quarterly earnings release Monday.
On commenting on the earnings and lower dust receipts in Q2, Jim Hensler, President and Chief Executive Officer of Horsehead said, "Steel industry capacity utilization continues to be in the mid-70 percent level. While we continue to believe there is still considerable upside to these current dust receipt levels, we do not anticipate significant changes in EAF steel production levels in the short-term based on recent public comments by several steel producers." As such, Horsehead is taking a series of planned major maintenance outages at recycling plants through early November that will take several kilns out of service throughout Q3 and Q4.