Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:28 PM

GasBuddy News Article

48
votes
Shale-Gas Revolution Spurs Wave of New U.S. Steel Plants: Energy

Bloomberg -- The U.S. shale-gas revolution, which has revitalized chemicals companies and prompted talk of domestic energy self-sufficiency, is attracting a wave of investment that may revive profits in the steel industry.

Austrian steelmaker Voestalpine AG (VOE) said Dec. 19 it may construct a 500 million-euro ($661 million) factory in the U.S. to benefit from cheap gas. Nucor Corp. (NUE), the most valuable U.S. steelmaker, plans to start up a $750 million Louisiana project in mid-2013. They’re among at least five U.S. plants under consideration or being built that would use gas instead of coal to purify iron ore, the main ingredient in steel.

“That technology has been around 30 years, but for 29 years gas prices in the U.S. were so high that the technology was not economical,” said Michelle Appleb


Read the Full Article

Submitted Dec 31, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Shale-Gas Revolution Spurs Wave of New U.S. Steel Plants: Energy Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,034
Points:2,385,890
Joined:Nov 2008
Message Posted: Jan 2, 2013 10:00:59 PM

tomok: you're making less sense with all the copy/pasting as time goes on.
southrob
Champion Author Tucson

Posts:6,067
Points:1,383,520
Joined:Mar 2011
Message Posted: Jan 1, 2013 8:40:03 AM

good other than that our economy would be terrible. dhan for a better one
tomok
Champion Author Portland

Posts:46,214
Points:3,121,535
Joined:Aug 2006
Message Posted: Jan 1, 2013 1:25:29 AM

Shale-Gas Revolution Spurs Wave of New U.S. Steel Plants!
Revolution! More Shale-Gas, More Energy, More Jobs, A Better Economy.
More horizontal natural gas drilling, more rock and subsurface fracking and much more possible pollution to the underground water resources.
Big Oil and Big Gas sells fuel and natural gas on the world market for higher prices through the Gulf Coast refineries. Big Gas transports natural gas to the refineries, processes it, loads it onto tankers for sale to other countries.
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! These resources are Not to be exported without taking care of the domestic market first.
As more and more vehicles are converted to natural gas the price of natural gas will go up and up, natural gas will Not have a reasonable price for very long. Keep natural gas for heating homes and businesses.
Whatever the size or shape of the vehicle, vehicle manufactures Produce and the population ‘Drives’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII! - The Day After......
52MPG
Champion Author Dayton

Posts:10,495
Points:2,516,350
Joined:Apr 2006
Message Posted: Dec 31, 2012 11:36:47 PM

Keep the gas and export the steel?
serrog
Champion Author Nova Scotia

Posts:8,797
Points:2,285,690
Joined:Oct 2008
Message Posted: Dec 31, 2012 10:03:09 PM

Anybody thirsty?
weenerdog
Champion Author Detroit

Posts:10,687
Points:2,557,845
Joined:Jan 2008
Message Posted: Dec 31, 2012 10:02:39 PM

great
cheaper0ON
Champion Author Ontario

Posts:4,175
Points:1,171,680
Joined:Jan 2012
Message Posted: Dec 31, 2012 10:01:49 PM

okay.
nwsynthetics
Champion Author Oregon

Posts:1,143
Points:582,665
Joined:Dec 2011
Message Posted: Dec 31, 2012 10:00:49 PM

Ok
GordoM
Champion Author Detroit

Posts:2,324
Points:1,581,925
Joined:Nov 2006
Message Posted: Dec 31, 2012 9:58:53 PM

Don't let unfounded fear and special interests stop the fracking.
AKmailman
Champion Author Alaska

Posts:8,889
Points:2,328,320
Joined:Jul 2004
Message Posted: Dec 31, 2012 9:58:13 PM

and then we'll start to import water
PoohMcGoo
Champion Author Alabama

Posts:3,875
Points:1,442,745
Joined:Dec 2010
Message Posted: Dec 31, 2012 9:54:50 PM

Ok
sydb7
Champion Author Atlanta

Posts:5,917
Points:2,599,265
Joined:Mar 2003
Message Posted: Dec 31, 2012 9:50:19 PM

Ok.
Bleeder
Champion Author Virginia

Posts:8,121
Points:2,269,865
Joined:Jan 2008
Message Posted: Dec 31, 2012 9:50:04 PM

Sounds like it is good for a lot of different parts of the economy. Good for us. Unfortunately (like bigsranch says) not all of it originated here in the US.
bigsranch
Champion Author Houston

Posts:3,751
Points:1,165,860
Joined:Apr 2007
Message Posted: Dec 31, 2012 9:46:41 PM

All the trucks loaded with drilling pipe heading west on I-10 out of Houston are picking up their loads at the Port of Houston. Imported steel.

One of the largest manufacturers is Tubos de Acero de Mexico, S.A. (TAMSA).
lesndave
Champion Author Texas

Posts:6,136
Points:1,469,000
Joined:May 2011
Message Posted: Dec 31, 2012 9:43:16 PM

Ok
mstearno
Champion Author Dayton

Posts:9,680
Points:2,355,030
Joined:Jan 2008
Message Posted: Dec 31, 2012 9:40:32 PM

go faster
ok603
Champion Author Boston

Posts:1,353
Points:937,410
Joined:Sep 2005
Message Posted: Dec 31, 2012 9:36:16 PM

Go slow
blazerbob91
Champion Author Milwaukee

Posts:7,101
Points:2,603,310
Joined:Aug 2005
Message Posted: Dec 31, 2012 9:26:17 PM

Too many foreign investors.
Brucevanf
Champion Author New Brunswick

Posts:4,399
Points:1,013,745
Joined:Aug 2012
Message Posted: Dec 31, 2012 9:23:20 PM

Bring it on, the more jobs the better.
WIPACKERFAN
Champion Author Chicago

Posts:12,029
Points:2,616,605
Joined:Aug 2005
Message Posted: Dec 31, 2012 9:22:20 PM

Interesting.
BoerneWatch
Champion Author San Antonio

Posts:18,946
Points:3,229,965
Joined:Oct 2005
Message Posted: Dec 31, 2012 9:22:07 PM

Steel Makers are building over here because labor and fuel is much less here than in Europe.

It is that simple.

We can do just as good a job at a fraction of the price of Europe.
TFowler513
Champion Author Memphis

Posts:3,824
Points:2,099,685
Joined:Mar 2008
Message Posted: Dec 31, 2012 9:19:59 PM

As long as it all stays in the country.
CorvairHaven
Champion Author Cleveland

Posts:7,449
Points:2,222,140
Joined:Sep 2008
Message Posted: Dec 31, 2012 9:17:36 PM

More steel making is good, but put them in the rust belt!
drz614
Champion Author Harrisburg

Posts:5,570
Points:1,373,315
Joined:Aug 2011
Message Posted: Dec 31, 2012 9:14:48 PM

ok
Lukus
Champion Author Halifax

Posts:11,364
Points:2,427,415
Joined:Nov 2007
Message Posted: Dec 31, 2012 9:09:34 PM

ok
rjoeh
Champion Author Michigan

Posts:10,294
Points:3,243,330
Joined:Jun 2004
Message Posted: Dec 31, 2012 9:04:24 PM

If steel production re-blossoms in America... that would be a good thing for jobs and the economy.
johton
Champion Author Seattle

Posts:4,436
Points:1,087,130
Joined:Jun 2012
Message Posted: Dec 31, 2012 9:01:19 PM

Excellent. Need more investment in the US, despite what O wishes.
munch252
Veteran Author Cleveland

Posts:301
Points:219,540
Joined:Aug 2012
Message Posted: Dec 31, 2012 9:01:07 PM

good
HA4CNN
Champion Author Toronto

Posts:8,627
Points:2,272,640
Joined:Dec 2006
Message Posted: Dec 31, 2012 9:00:38 PM

Cheap natural gas spin offs are enormous.
TxPDawg
Champion Author Austin

Posts:1,546
Points:1,042,575
Joined:Mar 2011
Message Posted: Dec 31, 2012 9:00:38 PM

ok
clermont40miles
Champion Author Cincinnati

Posts:14,664
Points:2,543,460
Joined:Apr 2008
Message Posted: Dec 31, 2012 8:58:05 PM

Ripple effect of business.

Don't let the greenies and BHO (redundant) find out.
Titan_62
Champion Author North Carolina

Posts:2,162
Points:769,940
Joined:Apr 2011
Message Posted: Dec 31, 2012 8:55:58 PM

Thanks for posting
g747
Champion Author Mobile

Posts:7,551
Points:1,653,565
Joined:Jul 2009
Message Posted: Dec 31, 2012 8:55:46 PM

Invest in America,you won't be sorry you did.
suzmar
Champion Author Texas

Posts:3,497
Points:1,445,015
Joined:Jun 2006
Message Posted: Dec 31, 2012 8:45:47 PM

This is why we need more oil and gas exploration and less EPA.
mcmonsta
Champion Author Honolulu

Posts:6,174
Points:1,580,770
Joined:Sep 2009
Message Posted: Dec 31, 2012 8:22:38 PM

cheaper energy always makes for cheaper products down the line
danreino
Champion Author Twin Cities

Posts:9,828
Points:1,838,480
Joined:Mar 2008
Message Posted: Dec 31, 2012 8:14:07 PM

Cant believe any of this story until the "new" plants are up and running !!! Anything is possible !!!!!?
jcallaw
Champion Author Houston

Posts:3,795
Points:998,655
Joined:May 2012
Message Posted: Dec 31, 2012 8:13:52 PM

Gotta Love It!
iamforiu
Champion Author Indiana

Posts:6,830
Points:1,487,665
Joined:May 2011
Message Posted: Dec 31, 2012 8:10:47 PM

Great new jobs
GRUMPY55
Champion Author California

Posts:3,149
Points:1,069,050
Joined:Oct 2011
Message Posted: Dec 31, 2012 8:05:12 PM

Good more jobs
sickhp
Champion Author San Antonio

Posts:3,548
Points:1,238,685
Joined:Sep 2011
Message Posted: Dec 31, 2012 7:59:44 PM

Drill baby drill in all of America as those are jobs and tell OPEC to go pound sand.
srchr
Champion Author San Jose

Posts:10,446
Points:2,379,890
Joined:Apr 2008
Message Posted: Dec 31, 2012 7:59:20 PM

nice
erndog0331
Champion Author Tucson

Posts:1,031
Points:563,940
Joined:Oct 2012
Message Posted: Dec 31, 2012 7:54:17 PM

Keep drilling
Ken825
Champion Author Pennsylvania

Posts:2,152
Points:828,950
Joined:Nov 2012
Message Posted: Dec 31, 2012 7:53:31 PM

Investing in the U. S. A. is a great idea. Hope all of Obummer's taxes don't make in untenable.
liao
Champion Author Montreal

Posts:6,625
Points:2,183,660
Joined:Sep 2008
Message Posted: Dec 31, 2012 7:53:02 PM

Better for economy.
Blue48
Champion Author Illinois

Posts:10,556
Points:2,413,520
Joined:Feb 2007
Message Posted: Dec 31, 2012 7:52:18 PM

WE SHALL SEE WHERE IT GOES!

HAVE A SAFE NEW YEARS AMERICA!
IUVidiot
Champion Author Indiana

Posts:6,837
Points:1,485,135
Joined:Jun 2011
Message Posted: Dec 31, 2012 7:51:16 PM

Drill baby drill
livedream
Champion Author Michigan

Posts:7,108
Points:1,523,595
Joined:Mar 2011
Message Posted: Dec 31, 2012 7:51:13 PM

Industry growth in the U.S. is great news!!

HAPPY NEW YEAR EVERYONE!!! :)
Digger52
Champion Author Chicago

Posts:5,416
Points:1,612,100
Joined:Aug 2008
Message Posted: Dec 31, 2012 7:44:40 PM

Happy, Healthy New Year to All!
RailroadSteve
Veteran Author Florida

Posts:408
Points:1,652,710
Joined:Apr 2007
Message Posted: Dec 31, 2012 7:44:20 PM

OK
85XJ
Champion Author Toledo

Posts:7,688
Points:1,867,495
Joined:Mar 2005
Message Posted: Dec 31, 2012 7:37:19 PM

Invest in the US and keep the gas here.

[Edited by: 85XJ at 12/31/2012 9:40:11 PM EST]
Trowinsamoan
Champion Author Los Angeles

Posts:2,349
Points:511,165
Joined:Nov 2012
Message Posted: Dec 31, 2012 7:36:41 PM

Great,it's about time
Post a reply Back to Topics