Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:11 AM

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:24,091
Points:2,393,340
Joined:Nov 2008
Message Posted: Jan 3, 2013 12:00:59 AM

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

Posts:6,072
Points:1,389,845
Joined:Mar 2011
Message Posted: Jan 1, 2013 10:40:03 AM

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

Posts:46,324
Points:3,128,985
Joined:Aug 2006
Message Posted: Jan 1, 2013 3:25:29 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:10,526
Points:2,522,800
Joined:Apr 2006
Message Posted: Jan 1, 2013 1:36:47 AM

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

Posts:8,827
Points:2,293,140
Joined:Oct 2008
Message Posted: Jan 1, 2013 12:03:09 AM

Anybody thirsty?
weenerdog
Champion Author Detroit

Posts:10,693
Points:2,563,690
Joined:Jan 2008
Message Posted: Jan 1, 2013 12:02:39 AM

great
cheaper0ON
Champion Author Ontario

Posts:4,200
Points:1,180,905
Joined:Jan 2012
Message Posted: Jan 1, 2013 12:01:49 AM

okay.
nwsynthetics
Champion Author Oregon

Posts:1,143
Points:584,465
Joined:Dec 2011
Message Posted: Jan 1, 2013 12:00:49 AM

Ok
GordoM
Champion Author Detroit

Posts:2,324
Points:1,581,925
Joined:Nov 2006
Message Posted: Dec 31, 2012 11:58:53 PM

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

Posts:8,919
Points:2,335,770
Joined:Jul 2004
Message Posted: Dec 31, 2012 11:58:13 PM

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

Posts:3,900
Points:1,448,970
Joined:Dec 2010
Message Posted: Dec 31, 2012 11:54:50 PM

Ok
sydb7
Champion Author Atlanta

Posts:5,943
Points:2,605,560
Joined:Mar 2003
Message Posted: Dec 31, 2012 11:50:19 PM

Ok.
Bleeder
Champion Author Virginia

Posts:8,121
Points:2,273,865
Joined:Jan 2008
Message Posted: Dec 31, 2012 11:50:04 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 11:46:41 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:6,165
Points:1,476,430
Joined:May 2011
Message Posted: Dec 31, 2012 11:43:16 PM

Ok
mstearno
Champion Author Dayton

Posts:9,689
Points:2,360,560
Joined:Jan 2008
Message Posted: Dec 31, 2012 11:40:32 PM

go faster
ok603
Champion Author Boston

Posts:1,353
Points:941,010
Joined:Sep 2005
Message Posted: Dec 31, 2012 11:36:16 PM

Go slow
blazerbob91
Champion Author Milwaukee

Posts:7,101
Points:2,609,035
Joined:Aug 2005
Message Posted: Dec 31, 2012 11:26:17 PM

Too many foreign investors.
Brucevanf
Champion Author New Brunswick

Posts:4,399
Points:1,019,020
Joined:Aug 2012
Message Posted: Dec 31, 2012 11:23:20 PM

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

Posts:12,054
Points:2,622,730
Joined:Aug 2005
Message Posted: Dec 31, 2012 11:22:20 PM

Interesting.
BoerneWatch
Champion Author San Antonio

Posts:18,980
Points:3,237,415
Joined:Oct 2005
Message Posted: Dec 31, 2012 11:22:07 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:2,106,535
Joined:Mar 2008
Message Posted: Dec 31, 2012 11:19:59 PM

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

Posts:7,474
Points:2,228,365
Joined:Sep 2008
Message Posted: Dec 31, 2012 11:17:36 PM

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

Posts:5,595
Points:1,379,540
Joined:Aug 2011
Message Posted: Dec 31, 2012 11:14:48 PM

ok
Lukus
Champion Author Halifax

Posts:11,379
Points:2,432,090
Joined:Nov 2007
Message Posted: Dec 31, 2012 11:09:34 PM

ok
rjoeh
Champion Author Michigan

Posts:10,319
Points:3,250,555
Joined:Jun 2004
Message Posted: Dec 31, 2012 11:04:24 PM

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

Posts:4,465
Points:1,094,355
Joined:Jun 2012
Message Posted: Dec 31, 2012 11:01:19 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 11:01:07 PM

good
HA4CNN
Champion Author Toronto

Posts:8,657
Points:2,280,090
Joined:Dec 2006
Message Posted: Dec 31, 2012 11:00:38 PM

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

Posts:1,552
Points:1,049,095
Joined:Mar 2011
Message Posted: Dec 31, 2012 11:00:38 PM

ok
clermont40miles
Champion Author Cincinnati

Posts:14,698
Points:2,549,745
Joined:Apr 2008
Message Posted: Dec 31, 2012 10:58:05 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:770,240
Joined:Apr 2011
Message Posted: Dec 31, 2012 10:55:58 PM

Thanks for posting
g747
Champion Author Mobile

Posts:7,571
Points:1,658,565
Joined:Jul 2009
Message Posted: Dec 31, 2012 10:55:46 PM

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

Posts:3,497
Points:1,447,515
Joined:Jun 2006
Message Posted: Dec 31, 2012 10:45:47 PM

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

Posts:6,198
Points:1,587,975
Joined:Sep 2009
Message Posted: Dec 31, 2012 10:22:38 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 10:14:07 PM

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

Posts:3,820
Points:1,004,880
Joined:May 2012
Message Posted: Dec 31, 2012 10:13:52 PM

Gotta Love It!
iamforiu
Champion Author Indiana

Posts:6,855
Points:1,493,890
Joined:May 2011
Message Posted: Dec 31, 2012 10:10:47 PM

Great new jobs
GRUMPY55
Champion Author California

Posts:3,149
Points:1,074,150
Joined:Oct 2011
Message Posted: Dec 31, 2012 10:05:12 PM

Good more jobs
sickhp
Champion Author San Antonio

Posts:3,548
Points:1,244,785
Joined:Sep 2011
Message Posted: Dec 31, 2012 9:59:44 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:10,461
Points:2,383,465
Joined:Apr 2008
Message Posted: Dec 31, 2012 9:59:20 PM

nice
erndog0331
Champion Author Tucson

Posts:1,031
Points:569,940
Joined:Oct 2012
Message Posted: Dec 31, 2012 9:54:17 PM

Keep drilling
Ken825
Champion Author Pennsylvania

Posts:2,152
Points:833,950
Joined:Nov 2012
Message Posted: Dec 31, 2012 9:53:31 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:6,656
Points:2,191,110
Joined:Sep 2008
Message Posted: Dec 31, 2012 9:53:02 PM

Better for economy.
Blue48
Champion Author Illinois

Posts:10,586
Points:2,420,970
Joined:Feb 2007
Message Posted: Dec 31, 2012 9:52:18 PM

WE SHALL SEE WHERE IT GOES!

HAVE A SAFE NEW YEARS AMERICA!
IUVidiot
Champion Author Indiana

Posts:6,862
Points:1,491,360
Joined:Jun 2011
Message Posted: Dec 31, 2012 9:51:16 PM

Drill baby drill
livedream
Champion Author Michigan

Posts:7,135
Points:1,530,845
Joined:Mar 2011
Message Posted: Dec 31, 2012 9:51:13 PM

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

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

Posts:5,441
Points:1,618,325
Joined:Aug 2008
Message Posted: Dec 31, 2012 9:44:40 PM

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

Posts:428
Points:1,658,960
Joined:Apr 2007
Message Posted: Dec 31, 2012 9:44:20 PM

OK
85XJ
Champion Author Toledo

Posts:7,709
Points:1,872,295
Joined:Mar 2005
Message Posted: Dec 31, 2012 9:37:19 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 9:36:41 PM

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