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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

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HawaiianGuy Champion Author Idaho Posts:9,508 Points:3,075,700 Joined:May 2003	Message Posted: Jan 2, 2013 6:04:53 AM Ignore HawaiianGuy Report Abuse Old news. Time to move on.
my2002m Champion Author Tulsa Posts:6,054 Points:1,666,300 Joined:Jul 2008	Message Posted: Jan 1, 2013 6:13:41 PM Ignore my2002m Report Abuse More win win for our country.
remay Champion Author Houston Posts:6,948 Points:2,113,615 Joined:May 2006	Message Posted: Jan 1, 2013 3:38:44 PM Ignore remay Report Abuse I'm surprised there isn't a "shortage" of steel...
tomok Champion Author Portland Posts:32,917 Points:2,341,510 Joined:Aug 2006	Message Posted: Jan 1, 2013 1:57:00 PM 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......
QuagmireLA Champion Author Louisiana Posts:1,079 Points:160,365 Joined:Jun 2012	Message Posted: Jan 1, 2013 12:33:33 PM Ignore QuagmireLA Report Abuse 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.
DanMtz Champion Author Oakland Posts:3,335 Points:1,239,425 Joined:Oct 2009	Message Posted: Jan 1, 2013 11:50:40 AM Ignore DanMtz Report Abuse Sounds promising.
beohbeNJ Champion Author New Jersey Posts:2,027 Points:530,430 Joined:Sep 2011	Message Posted: Jan 1, 2013 10:26:01 AM Ignore beohbeNJ Report Abuse OK by me.
packards42 Champion Author Washington Posts:6,425 Points:1,124,590 Joined:Feb 2005	Message Posted: Jan 1, 2013 10:22:03 AM Ignore packards42 Report Abuse 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.
wshokie12 Champion Author Winston-Salem Posts:1,300 Points:212,560 Joined:Aug 2012	Message Posted: Jan 1, 2013 10:19:29 AM Ignore wshokie12 Report Abuse Good.
BlueVanGroup Champion Author Colorado Posts:7,189 Points:1,524,655 Joined:May 2008	Message Posted: Jan 1, 2013 10:19:14 AM Ignore BlueVanGroup Report Abuse 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.
satrn38mpg Champion Author Raleigh Posts:5,052 Points:1,050,015 Joined:Sep 2009	Message Posted: Jan 1, 2013 10:18:48 AM Ignore satrn38mpg Report Abuse just how long can these same stories run >>
Tutootin Champion Author Toronto Posts:10,101 Points:3,073,430 Joined:Jun 2004	Message Posted: Jan 1, 2013 10:18:04 AM Ignore Tutootin Report Abuse Old "news".
ARCO Champion Author Pittsburgh Posts:2,328 Points:2,373,370 Joined:Sep 2005	Message Posted: Jan 1, 2013 10:17:13 AM Ignore ARCO Report Abuse INTERESTING
Liberty2000 Champion Author Indianapolis Posts:1,739 Points:280,520 Joined:Jun 2007	Message Posted: Jan 1, 2013 10:16:35 AM Ignore Liberty2000 Report Abuse Didn't know natural gas would be hot enough. Plus isn't carbon needed to reduce the iron ore ?
marion1739 All-Star Author Missouri Posts:810 Points:256,380 Joined:Jan 2011	Message Posted: Jan 1, 2013 10:15:54 AM Ignore marion1739 Report Abuse yep
moregas1966 All-Star Author Columbus Posts:685 Points:135,555 Joined:Dec 2012	Message Posted: Jan 1, 2013 10:14:30 AM Ignore moregas1966 Report Abuse whatsnew
vernsimpson All-Star Author Twin Cities Posts:992 Points:255,780 Joined:Jul 2012	Message Posted: Jan 1, 2013 10:14:13 AM Ignore vernsimpson Report Abuse It will not stay cheap long!
RobertSpratt Champion Author Virginia Beach Posts:4,815 Points:1,042,515 Joined:Jul 2007	Message Posted: Jan 1, 2013 10:13:49 AM Ignore RobertSpratt Report Abuse okay
teatiger Champion Author Dallas Posts:2,660 Points:1,472,865 Joined:Nov 2008	Message Posted: Jan 1, 2013 10:13:44 AM Ignore teatiger Report Abuse News deja vu
scrossi Champion Author Indiana Posts:3,864 Points:1,044,490 Joined:Dec 2008	Message Posted: Jan 1, 2013 10:10:59 AM Ignore scrossi Report Abuse Old news.
erndog0331 All-Star Author Tucson Posts:601 Points:179,935 Joined:Oct 2012	Message Posted: Jan 1, 2013 10:10:43 AM Ignore erndog0331 Report Abuse Ok
ILANGE9 Champion Author Illinois Posts:7,595 Points:1,593,200 Joined:Sep 2008	Message Posted: Jan 1, 2013 10:09:47 AM Ignore ILANGE9 Report Abuse Old news
thirstyram Veteran Author Ontario Posts:254 Points:604,235 Joined:May 2010	Message Posted: Jan 1, 2013 10:09:47 AM Ignore thirstyram Report Abuse Cheap energy drives industry.
garyr86 Champion Author Michigan Posts:1,991 Points:602,525 Joined:Dec 2010	Message Posted: Jan 1, 2013 10:09:39 AM Ignore garyr86 Report Abuse Sounds good for American workers
Buffalo Joe Champion Author Alberta Posts:8,576 Points:2,504,875 Joined:Feb 2003	Message Posted: Jan 1, 2013 10:09:25 AM Ignore Buffalo Joe Report Abuse Too much politics, wait and see.
craigsfrank Champion Author Arkansas Posts:2,193 Points:837,255 Joined:Jun 2010	Message Posted: Jan 1, 2013 10:09:22 AM Ignore craigsfrank Report Abuse Time to support North America not OPEC, way beyond time!!!!
Don20 Champion Author Oklahoma City Posts:9,652 Points:2,615,630 Joined:Mar 2005	Message Posted: Jan 1, 2013 10:09:14 AM Ignore Don20 Report Abuse 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.....
Old Timer Champion Author Akron Posts:3,722 Points:1,259,015 Joined:Sep 2003	Message Posted: Jan 1, 2013 10:09:05 AM Ignore Old Timer Report Abuse Okay
maxcap59 Champion Author Texas Posts:2,751 Points:590,845 Joined:Apr 2011	Message Posted: Jan 1, 2013 10:08:19 AM Ignore maxcap59 Report Abuse 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.
jep39 Champion Author California Posts:1,141 Points:1,222,965 Joined:Jun 2007	Message Posted: Jan 1, 2013 10:07:49 AM Ignore jep39 Report Abuse This is good. Employ more American workers.
henryeOH Champion Author Akron Posts:1,056 Points:58,070 Joined:Jan 2011	Message Posted: Jan 1, 2013 10:07:30 AM Ignore henryeOH Report Abuse so long as greed doesn't take over
Asbury09 Champion Author Iowa Posts:7,193 Points:1,526,305 Joined:Jan 2009	Message Posted: Jan 1, 2013 10:06:24 AM Ignore Asbury09 Report Abuse we will see
drillintheUSA All-Star Author Rochester Posts:857 Points:178,885 Joined:Apr 2008	Message Posted: Jan 1, 2013 10:03:40 AM Ignore drillintheUSA Report Abuse Nothing lasts forever. Even if the U.S. Steel production ( as it relates to this 'boom') is short-lived, oh well. Go for it!
TRAIN RIDER Champion Author San Bernardino Posts:9,062 Points:2,753,820 Joined:Oct 2004	Message Posted: Jan 1, 2013 10:03:26 AM Ignore TRAIN RIDER Report Abuse We need to take them back from China.
2khawk Champion Author Iowa Posts:5,238 Points:924,025 Joined:Oct 2010	Message Posted: Jan 1, 2013 10:03:13 AM Ignore 2khawk Report Abuse Hope they take off.
LuckyD43 Champion Author Long Island Posts:31,955 Points:2,164,070 Joined:Apr 2005	Message Posted: Jan 1, 2013 10:02:41 AM Ignore LuckyD43 Report Abuse The more the better. God knows we could use the jobs they create.
Sethyl Champion Author Miami Posts:1,733 Points:373,465 Joined:Oct 2009	Message Posted: Jan 1, 2013 10:02:40 AM Ignore Sethyl Report Abuse old news
F81M Champion Author Indiana Posts:1,478 Points:783,135 Joined:Aug 2008	Message Posted: Jan 1, 2013 10:02:13 AM Ignore F81M Report Abuse Old.
36IHBinder Champion Author Illinois Posts:2,938 Points:639,090 Joined:Jun 2011	Message Posted: Jan 1, 2013 10:01:44 AM Ignore 36IHBinder Report Abuse Buy USA when ever you can
Sego Veteran Author Florida Posts:382 Points:70,185 Joined:Apr 2012	Message Posted: Jan 1, 2013 10:01:35 AM Ignore Sego Report Abuse Sounds good.
Bleeder Champion Author Virginia Posts:8,038 Points:1,697,375 Joined:Jan 2008	Message Posted: Jan 1, 2013 10:01:17 AM Ignore Bleeder Report Abuse It is good so far.
mycar2 Champion Author Akron Posts:2,090 Points:2,354,115 Joined:Apr 2004	Message Posted: Jan 1, 2013 10:00:57 AM Ignore mycar2 Report Abuse it's created jobs, good
donny47 Champion Author New Hampshire Posts:2,646 Points:983,390 Joined:Feb 2009	Message Posted: Jan 1, 2013 10:00:28 AM Ignore donny47 Report Abuse ok
treehood Champion Author San Diego Posts:2,024 Points:392,760 Joined:May 2011	Message Posted: Jan 1, 2013 10:00:23 AM Ignore treehood Report Abuse I hope there is an abundance of energy for the future
nstrdnvstr Champion Author Twin Cities Posts:36,828 Points:3,980,955 Joined:May 2001	Message Posted: Jan 1, 2013 9:59:47 AM Ignore nstrdnvstr Report Abuse Where is the demand for the new supply of steel?
nomad228 Champion Author Columbus Posts:3,117 Points:575,140 Joined:Feb 2011	Message Posted: Jan 1, 2013 9:57:44 AM Ignore nomad228 Report Abuse 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.
waynemustang Champion Author Indiana Posts:6,357 Points:1,661,785 Joined:Nov 2006	Message Posted: Jan 1, 2013 9:56:12 AM Ignore waynemustang Report Abuse Gas works, wind does not.
nb52 Champion Author Grand Rapids Posts:7,760 Points:1,542,850 Joined:Nov 2008	Message Posted: Jan 1, 2013 9:56:00 AM Ignore nb52 Report Abuse good luck working with this administration.
captngasTN Champion Author Tennessee Posts:3,015 Points:1,323,375 Joined:Jun 2009	Message Posted: Jan 1, 2013 9:53:34 AM Ignore captngasTN Report Abuse Happy New Year to all.
Caribou2011 Champion Author Ohio Posts:3,746 Points:764,835 Joined:Feb 2011	Message Posted: Jan 1, 2013 9:53:34 AM Ignore Caribou2011 Report Abuse Obama will ruin these businesses just like everything else he is involved with.