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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.
ustrian 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 Applebaum,


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Submitted Dec 31, 2012 By: mastermariner
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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HawaiianGuy
Champion Author Idaho

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Message Posted: Jan 2, 2013 6:04:53 AM

Old news. Time to move on.
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my2002m
Champion Author Tulsa

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Message Posted: Jan 1, 2013 6:13:41 PM

More win win for our country.
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remay
Champion Author Houston

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Message Posted: Jan 1, 2013 3:38:44 PM

I'm surprised there isn't a "shortage" of steel...
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tomok
Champion Author Portland

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Message Posted: Jan 1, 2013 1:57:00 PM

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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QuagmireLA
Champion Author Louisiana

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Message Posted: Jan 1, 2013 12:33:33 PM

Just like I've been saying all along. Low energy prices is about the only thing that will bring back the U.S. economy to a dominant force. All the government laws and rules in the world can't do it. Only cheap abundant energy can. And that means gasoline under $2 a gallon.
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DanMtz
Champion Author Oakland

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Message Posted: Jan 1, 2013 11:50:40 AM

Sounds promising.
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beohbeNJ
Champion Author New Jersey

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Message Posted: Jan 1, 2013 10:26:01 AM

OK by me.
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packards42
Champion Author Washington

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Message Posted: Jan 1, 2013 10:22:03 AM

The government should tax energy like Erope and keep in the USA, Say no to exporting Natural Gas, our Great Grand children will need it.

Example, all new crude production in Suadi Arabia is consume internally. Their will be a shortage one day.
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wshokie12
Champion Author Winston-Salem

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Message Posted: Jan 1, 2013 10:19:29 AM

Good.
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BlueVanGroup
Champion Author Fort Collins

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Message Posted: Jan 1, 2013 10:19:14 AM


No, no, no.

We're not supposed to have dirty manufacturing jobs like making steel.

We're supposed to have clean, "green" jobs like Solyndra.
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satrn38mpg
Champion Author Raleigh

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Message Posted: Jan 1, 2013 10:18:48 AM

just how long can these same stories run >>
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Tutootin
Champion Author Toronto

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Message Posted: Jan 1, 2013 10:18:04 AM

Old "news".
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ARCO
Champion Author Pittsburgh

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Message Posted: Jan 1, 2013 10:17:13 AM

INTERESTING
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Liberty2000
Champion Author Indianapolis

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Message Posted: Jan 1, 2013 10:16:35 AM

Didn't know natural gas would be hot enough. Plus isn't carbon needed to reduce the iron ore ?
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marion1739
Champion Author Missouri

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Message Posted: Jan 1, 2013 10:15:54 AM

yep
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moregas1966
Champion Author Columbus

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Message Posted: Jan 1, 2013 10:14:30 AM

whatsnew
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Goatroper47
Champion Author Twin Cities

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Message Posted: Jan 1, 2013 10:14:13 AM

It will not stay cheap long!
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RobertSpratt
Champion Author Virginia Beach

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Message Posted: Jan 1, 2013 10:13:49 AM

okay
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teatiger
Champion Author Dallas

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Message Posted: Jan 1, 2013 10:13:44 AM

News deja vu
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scrossi
Champion Author Indiana

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Message Posted: Jan 1, 2013 10:10:59 AM

Old news.
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erndog0331
Champion Author Tucson

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Message Posted: Jan 1, 2013 10:10:43 AM

Ok
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ILANGE9
Champion Author Illinois

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Message Posted: Jan 1, 2013 10:09:47 AM

Old news
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thirstyram
Veteran Author Ontario

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Message Posted: Jan 1, 2013 10:09:47 AM

Cheap energy drives industry.
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garyr86
Champion Author Michigan

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Message Posted: Jan 1, 2013 10:09:39 AM

Sounds good for American workers
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Buffalo Joe
Champion Author Alberta

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Message Posted: Jan 1, 2013 10:09:25 AM

Too much politics, wait and see.
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craigsfrank
Champion Author Arkansas

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Message Posted: Jan 1, 2013 10:09:22 AM

Time to support North America not OPEC, way beyond time!!!!
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Don20
Champion Author Oklahoma City

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Message Posted: Jan 1, 2013 10:09:14 AM

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.

Good go for it.....
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Old Timer
Champion Author Akron

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Message Posted: Jan 1, 2013 10:09:05 AM

Okay
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maxcap59
Champion Author Texas

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Message Posted: Jan 1, 2013 10:08:19 AM

Imagine how many jobs could be created in various industries because of the oil/gas industry if our government quit attacking them. If Odumba truly wants jobs created in this country, he needs to let these industries produce more.
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jep39
Champion Author California

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Message Posted: Jan 1, 2013 10:07:49 AM

This is good. Employ more American workers.
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henryeOH
Champion Author Akron

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Message Posted: Jan 1, 2013 10:07:30 AM

so long as greed doesn't take over
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Asbury09
Champion Author Iowa

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Message Posted: Jan 1, 2013 10:06:24 AM

we will see
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drillintheUSA
Champion Author Rochester

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Message Posted: Jan 1, 2013 10:03:40 AM

Nothing lasts forever. Even if the U.S. Steel production ( as it relates to this 'boom') is short-lived, oh well. Go for it!
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TRAIN RIDER
Champion Author San Bernardino

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Message Posted: Jan 1, 2013 10:03:26 AM

We need to take them back from China.
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2khawk
Champion Author Iowa

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Message Posted: Jan 1, 2013 10:03:13 AM

Hope they take off.
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LuckyD43
Champion Author Long Island

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Message Posted: Jan 1, 2013 10:02:41 AM

The more the better. God knows we could use the jobs they create.
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Sethyl
Champion Author Miami

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Message Posted: Jan 1, 2013 10:02:40 AM

old news
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F81M
Champion Author Indiana

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Message Posted: Jan 1, 2013 10:02:13 AM

Old.
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36IHBinder
Champion Author Illinois

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Message Posted: Jan 1, 2013 10:01:44 AM

Buy USA when ever you can
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Sego
Champion Author Florida

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Message Posted: Jan 1, 2013 10:01:35 AM

Sounds good.
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Bleeder
Champion Author Virginia

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Message Posted: Jan 1, 2013 10:01:17 AM

It is good so far.
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mycar2
Champion Author Akron

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Message Posted: Jan 1, 2013 10:00:57 AM

it's created jobs, good
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donny47
Champion Author New Hampshire

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Message Posted: Jan 1, 2013 10:00:28 AM

ok
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treehood
Champion Author San Diego

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Message Posted: Jan 1, 2013 10:00:23 AM

I hope there is an abundance of energy for the future
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nstrdnvstr
Champion Author Twin Cities

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Message Posted: Jan 1, 2013 9:59:47 AM

Where is the demand for the new supply of steel?
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nomad228
Champion Author Columbus

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Message Posted: Jan 1, 2013 9:57:44 AM

this will only last so long,and? then we will have a even worse repeat of the history of the steel mills in the united states ,if they even produce the steel here in the united states. we have seen whole cities go under after the steel mills make their side deals and leave the state thta helped them get into production again. just look at detroit,greenbay,alantown,columbus ohio. they all had steel mills that closed down and took 1000's of other steel busineesses with them. my own company moved to meridian miss. after the local steel company shut down. and our local gov'ment did nothing to prevent it. lets just say that waves subside usually sooner than later.
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waynemustang
Champion Author Indiana

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Message Posted: Jan 1, 2013 9:56:12 AM

Gas works, wind does not.
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nb52
Champion Author Grand Rapids

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Message Posted: Jan 1, 2013 9:56:00 AM

good luck working with this administration.
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captngasTN
Champion Author Tennessee

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Message Posted: Jan 1, 2013 9:53:34 AM

Happy New Year to all.
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Caribou2011
Champion Author Ohio

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Message Posted: Jan 1, 2013 9:53:34 AM

Obama will ruin these businesses just like everything else he is involved with.
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