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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
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
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honda0105
Champion Author Tallahassee

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Message Posted: Jan 2, 2013 11:00:59 PM

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

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Message Posted: Jan 1, 2013 9:40:03 AM

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

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Message Posted: Jan 1, 2013 2:25:29 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......
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52MPG
Champion Author Dayton

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Message Posted: Jan 1, 2013 12:36:47 AM

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

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Message Posted: Dec 31, 2012 11:03:09 PM

Anybody thirsty?
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weenerdog
Champion Author Detroit

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Message Posted: Dec 31, 2012 11:02:39 PM

great
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cheaper0ON
Champion Author Ontario

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Message Posted: Dec 31, 2012 11:01:49 PM

okay.
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nwsynthetics
Champion Author Oregon

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Message Posted: Dec 31, 2012 11:00:49 PM

Ok
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GordoM
Champion Author Detroit

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Message Posted: Dec 31, 2012 10:58:53 PM

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

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Message Posted: Dec 31, 2012 10:58:13 PM

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

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Message Posted: Dec 31, 2012 10:54:50 PM

Ok
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sydb7
Champion Author Atlanta

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Message Posted: Dec 31, 2012 10:50:19 PM

Ok.
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Bleeder
Champion Author Virginia

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Message Posted: Dec 31, 2012 10:50:04 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.
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bigsranch
Champion Author Houston

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Message Posted: Dec 31, 2012 10:46:41 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).
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lesndave
Champion Author Texas

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Message Posted: Dec 31, 2012 10:43:16 PM

Ok
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mstearno
Champion Author Dayton

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Message Posted: Dec 31, 2012 10:40:32 PM

go faster
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ok603
Champion Author Boston

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Message Posted: Dec 31, 2012 10:36:16 PM

Go slow
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blazerbob91
Champion Author Milwaukee

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Message Posted: Dec 31, 2012 10:26:17 PM

Too many foreign investors.
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Brucevanf
Champion Author New Brunswick

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Message Posted: Dec 31, 2012 10:23:20 PM

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

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Message Posted: Dec 31, 2012 10:22:20 PM

Interesting.
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BoerneWatch
Champion Author San Antonio

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Message Posted: Dec 31, 2012 10:22:07 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.
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TFowler513
Champion Author Memphis

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Message Posted: Dec 31, 2012 10:19:59 PM

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

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Message Posted: Dec 31, 2012 10:17:36 PM

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

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Message Posted: Dec 31, 2012 10:14:48 PM

ok
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Lukus
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Message Posted: Dec 31, 2012 10:09:34 PM

ok
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rjoeh
Champion Author Michigan

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Message Posted: Dec 31, 2012 10:04:24 PM

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

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Message Posted: Dec 31, 2012 10:01:19 PM

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

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Message Posted: Dec 31, 2012 10:01:07 PM

good
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HA4CNN
Champion Author Toronto

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Message Posted: Dec 31, 2012 10:00:38 PM

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

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Message Posted: Dec 31, 2012 10:00:38 PM

ok
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clermont40miles
Champion Author Cincinnati

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Message Posted: Dec 31, 2012 9:58:05 PM

Ripple effect of business.

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

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Message Posted: Dec 31, 2012 9:55:58 PM

Thanks for posting
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g747
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Message Posted: Dec 31, 2012 9:55:46 PM

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

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Message Posted: Dec 31, 2012 9:45:47 PM

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

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Message Posted: Dec 31, 2012 9:22:38 PM

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

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Message Posted: Dec 31, 2012 9:14:07 PM

Cant believe any of this story until the "new" plants are up and running !!! Anything is possible !!!!!?
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jcallaw
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Message Posted: Dec 31, 2012 9:13:52 PM

Gotta Love It!
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iamforiu
Champion Author Indiana

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Message Posted: Dec 31, 2012 9:10:47 PM

Great new jobs
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GRUMPY55
Champion Author California

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Message Posted: Dec 31, 2012 9:05:12 PM

Good more jobs
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sickhp
Champion Author San Antonio

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Message Posted: Dec 31, 2012 8:59:44 PM

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

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Message Posted: Dec 31, 2012 8:59:20 PM

nice
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erndog0331
Champion Author Tucson

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Message Posted: Dec 31, 2012 8:54:17 PM

Keep drilling
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Ken825
Champion Author Pennsylvania

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Message Posted: Dec 31, 2012 8:53:31 PM

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

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Message Posted: Dec 31, 2012 8:53:02 PM

Better for economy.
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Blue48
Champion Author Illinois

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Message Posted: Dec 31, 2012 8:52:18 PM

WE SHALL SEE WHERE IT GOES!

HAVE A SAFE NEW YEARS AMERICA!
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IUVidiot
Champion Author Indiana

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Message Posted: Dec 31, 2012 8:51:16 PM

Drill baby drill
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livedream
Champion Author Michigan

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Message Posted: Dec 31, 2012 8:51:13 PM

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

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

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Message Posted: Dec 31, 2012 8:44:40 PM

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

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Message Posted: Dec 31, 2012 8:44:20 PM

OK
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85XJ
Champion Author Toledo

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Message Posted: Dec 31, 2012 8:37:19 PM

Invest in the US and keep the gas here.

[Edited by: 85XJ at 12/31/2012 9:40:11 PM EST]
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