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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

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Submitted Dec 31, 2012 By: skb69sa

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honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Jan 2, 2013 10:00:59 PM Ignore honda0105 Report Abuse tomok: you're making less sense with all the copy/pasting as time goes on.
southrob Champion Author Tucson Posts:3,585 Points:685,150 Joined:Mar 2011	Message Posted: Jan 1, 2013 8:40:03 AM Ignore southrob Report Abuse good other than that our economy would be terrible. dhan for a better one
tomok Champion Author Portland Posts:32,927 Points:2,342,585 Joined:Aug 2006	Message Posted: Jan 1, 2013 1:25:29 AM Ignore tomok Report Abuse 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:7,247 Points:1,738,780 Joined:Apr 2006	Message Posted: Dec 31, 2012 11:36:47 PM Ignore 52MPG Report Abuse Keep the gas and export the steel?
serrog Champion Author Nova Scotia Posts:5,549 Points:1,509,205 Joined:Oct 2008	Message Posted: Dec 31, 2012 10:03:09 PM Ignore serrog Report Abuse Anybody thirsty?
weenerdog Champion Author Detroit Posts:9,441 Points:1,880,890 Joined:Jan 2008	Message Posted: Dec 31, 2012 10:02:39 PM Ignore weenerdog Report Abuse great
cheaper0ON All-Star Author Ontario Posts:963 Points:394,055 Joined:Jan 2012	Message Posted: Dec 31, 2012 10:01:49 PM Ignore cheaper0ON Report Abuse okay.
nwsynthetics Champion Author Oregon Posts:1,014 Points:344,475 Joined:Dec 2011	Message Posted: Dec 31, 2012 10:00:49 PM Ignore nwsynthetics Report Abuse Ok
GordoM All-Star Author Detroit Posts:996 Points:991,005 Joined:Nov 2006	Message Posted: Dec 31, 2012 9:58:53 PM Ignore GordoM Report Abuse Don't let unfounded fear and special interests stop the fracking.
AKmailman Champion Author Alaska Posts:5,618 Points:1,554,640 Joined:Jul 2004	Message Posted: Dec 31, 2012 9:58:13 PM Ignore AKmailman Report Abuse and then we'll start to import water
PoohMcGoo Champion Author Alabama Posts:3,062 Points:797,360 Joined:Dec 2010	Message Posted: Dec 31, 2012 9:54:50 PM Ignore PoohMcGoo Report Abuse Ok
sydb7 Champion Author Atlanta Posts:3,542 Points:1,916,730 Joined:Mar 2003	Message Posted: Dec 31, 2012 9:50:19 PM Ignore sydb7 Report Abuse Ok.
Bleeder Champion Author Virginia Posts:8,038 Points:1,697,375 Joined:Jan 2008	Message Posted: Dec 31, 2012 9:50:04 PM Ignore Bleeder Report Abuse 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:3,126 Points:1,001,480 Joined:Apr 2007	Message Posted: Dec 31, 2012 9:46:41 PM Ignore bigsranch Report Abuse 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:3,022 Points:697,380 Joined:May 2011	Message Posted: Dec 31, 2012 9:43:16 PM Ignore lesndave Report Abuse Ok
mstearno Champion Author Dayton Posts:8,048 Points:1,728,210 Joined:Jan 2008	Message Posted: Dec 31, 2012 9:40:32 PM Ignore mstearno Report Abuse go faster
ok603 All-Star Author Boston Posts:945 Points:561,900 Joined:Sep 2005	Message Posted: Dec 31, 2012 9:36:16 PM Ignore ok603 Report Abuse Go slow
blazerbob91 Champion Author Milwaukee Posts:6,125 Points:1,879,670 Joined:Aug 2005	Message Posted: Dec 31, 2012 9:26:17 PM Ignore blazerbob91 Report Abuse Too many foreign investors.
Brucevanf Champion Author New Brunswick Posts:1,341 Points:241,360 Joined:Aug 2012	Message Posted: Dec 31, 2012 9:23:20 PM Ignore Brucevanf Report Abuse Bring it on, the more jobs the better.
WIPACKERFAN Champion Author Chicago Posts:8,784 Points:1,839,550 Joined:Aug 2005	Message Posted: Dec 31, 2012 9:22:20 PM Ignore WIPACKERFAN Report Abuse Interesting.
BoerneWatch Champion Author San Antonio Posts:15,526 Points:2,451,015 Joined:Oct 2005	Message Posted: Dec 31, 2012 9:22:07 PM Ignore BoerneWatch Report Abuse 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:1,410,510 Joined:Mar 2008	Message Posted: Dec 31, 2012 9:19:59 PM Ignore TFowler513 Report Abuse As long as it all stays in the country.
CorvairHaven Champion Author Cleveland Posts:4,339 Points:1,450,165 Joined:Sep 2008	Message Posted: Dec 31, 2012 9:17:36 PM Ignore CorvairHaven Report Abuse More steel making is good, but put them in the rust belt!
drz614 Champion Author Harrisburg Posts:2,284 Points:594,595 Joined:Aug 2011	Message Posted: Dec 31, 2012 9:14:48 PM Ignore drz614 Report Abuse ok
Lukus Champion Author Halifax Posts:8,268 Points:1,671,605 Joined:Nov 2007	Message Posted: Dec 31, 2012 9:09:34 PM Ignore Lukus Report Abuse ok
rjoeh Champion Author Michigan Posts:7,066 Points:2,466,440 Joined:Jun 2004	Message Posted: Dec 31, 2012 9:04:24 PM Ignore rjoeh Report Abuse If steel production re-blossoms in America... that would be a good thing for jobs and the economy.
johton Champion Author Seattle Posts:1,195 Points:308,165 Joined:Jun 2012	Message Posted: Dec 31, 2012 9:01:19 PM Ignore johton Report Abuse Excellent. Need more investment in the US, despite what O wishes.
munch252 Veteran Author Cleveland Posts:282 Points:135,985 Joined:Aug 2012	Message Posted: Dec 31, 2012 9:01:07 PM Ignore munch252 Report Abuse good
HA4CNN Champion Author Toronto Posts:5,604 Points:1,539,490 Joined:Dec 2006	Message Posted: Dec 31, 2012 9:00:38 PM Ignore HA4CNN Report Abuse Cheap natural gas spin offs are enormous.
TxPDawg All-Star Author Austin Posts:651 Points:376,775 Joined:Mar 2011	Message Posted: Dec 31, 2012 9:00:38 PM Ignore TxPDawg Report Abuse ok
clermont40miles Champion Author Cincinnati Posts:10,548 Points:1,768,870 Joined:Apr 2008	Message Posted: Dec 31, 2012 8:58:05 PM Ignore clermont40miles Report Abuse Ripple effect of business. Don't let the greenies and BHO (redundant) find out.
Titan_62 Champion Author Maryland Posts:1,443 Points:324,430 Joined:Apr 2011	Message Posted: Dec 31, 2012 8:55:58 PM Ignore Titan_62 Report Abuse Thanks for posting
g747 Champion Author Mobile Posts:4,521 Points:929,670 Joined:Jul 2009	Message Posted: Dec 31, 2012 8:55:46 PM Ignore g747 Report Abuse Invest in America,you won't be sorry you did.
suzmar Champion Author Texas Posts:2,210 Points:869,225 Joined:Jun 2006	Message Posted: Dec 31, 2012 8:45:47 PM Ignore suzmar Report Abuse This is why we need more oil and gas exploration and less EPA.
mcmonsta Champion Author Honolulu Posts:3,212 Points:814,770 Joined:Sep 2009	Message Posted: Dec 31, 2012 8:22:38 PM Ignore mcmonsta Report Abuse cheaper energy always makes for cheaper products down the line
danreino Champion Author Twin Cities Posts:8,337 Points:1,537,705 Joined:Mar 2008	Message Posted: Dec 31, 2012 8:14:07 PM Ignore danreino Report Abuse Cant believe any of this story until the "new" plants are up and running !!! Anything is possible !!!!!?
jcallaw All-Star Author Houston Posts:617 Points:239,825 Joined:May 2012	Message Posted: Dec 31, 2012 8:13:52 PM Ignore jcallaw Report Abuse Gotta Love It!
iamforiu Champion Author Indiana Posts:3,555 Points:707,740 Joined:May 2011	Message Posted: Dec 31, 2012 8:10:47 PM Ignore iamforiu Report Abuse Great new jobs
GRUMPY55 Champion Author California Posts:1,619 Points:421,450 Joined:Oct 2011	Message Posted: Dec 31, 2012 8:05:12 PM Ignore GRUMPY55 Report Abuse Good more jobs
sickhp Champion Author San Antonio Posts:1,359 Points:513,130 Joined:Sep 2011	Message Posted: Dec 31, 2012 7:59:44 PM Ignore sickhp Report Abuse Drill baby drill in all of America as those are jobs and tell OPEC to go pound sand.
srchr Champion Author San Jose Posts:7,236 Points:1,616,335 Joined:Apr 2008	Message Posted: Dec 31, 2012 7:59:20 PM Ignore srchr Report Abuse nice
erndog0331 All-Star Author Tucson Posts:601 Points:179,935 Joined:Oct 2012	Message Posted: Dec 31, 2012 7:54:17 PM Ignore erndog0331 Report Abuse Keep drilling
Ken825 All-Star Author Pennsylvania Posts:602 Points:141,460 Joined:Nov 2012	Message Posted: Dec 31, 2012 7:53:31 PM Ignore Ken825 Report Abuse 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:3,432 Points:1,425,310 Joined:Sep 2008	Message Posted: Dec 31, 2012 7:53:02 PM Ignore liao Report Abuse Better for economy.
Blue48 Champion Author Illinois Posts:7,290 Points:1,634,920 Joined:Feb 2007	Message Posted: Dec 31, 2012 7:52:18 PM Ignore Blue48 Report Abuse WE SHALL SEE WHERE IT GOES! HAVE A SAFE NEW YEARS AMERICA!
IUVidiot Champion Author Indiana Posts:3,570 Points:705,435 Joined:Jun 2011	Message Posted: Dec 31, 2012 7:51:16 PM Ignore IUVidiot Report Abuse Drill baby drill
livedream Champion Author Michigan Posts:3,664 Points:751,060 Joined:Mar 2011	Message Posted: Dec 31, 2012 7:51:13 PM Ignore livedream Report Abuse Industry growth in the U.S. is great news!! HAPPY NEW YEAR EVERYONE!!! :)
Digger52 Champion Author Chicago Posts:2,387 Points:844,935 Joined:Aug 2008	Message Posted: Dec 31, 2012 7:44:40 PM Ignore Digger52 Report Abuse Happy, Healthy New Year to All!
RailroadSteve Veteran Author Florida Posts:303 Points:1,076,360 Joined:Apr 2007	Message Posted: Dec 31, 2012 7:44:20 PM Ignore RailroadSteve Report Abuse OK
85XJ Champion Author Toledo Posts:5,577 Points:1,276,765 Joined:Mar 2005	Message Posted: Dec 31, 2012 7:37:19 PM Ignore 85XJ Report Abuse Invest in the US and keep the gas here. [Edited by: 85XJ at 12/31/2012 9:40:11 PM EST]