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U.S. Steel Firing Up Furnace in Alabama #6458393
02/11/19 08:16 PM
02/11/19 08:16 PM
Joined: Mar 2013
Posts: 16,988
Fredonia, PA.
Finster Offline OP
trapper
Finster  Offline OP
trapper

Joined: Mar 2013
Posts: 16,988
Fredonia, PA.
Jobs, Jobs and more JOBS!

U.S. Steel Firing Up Furnace in Alabama, Thanks to Tariffs

United States Steel said Monday it will resume construction of a furnace in Alabama, adding 1.6 million tons of steelmaking capacity and hundreds of jobs.
Construction on U.S. Steel’s mill in Jefferson County, Alabama, was suspended in 2015 after China’s overproduction caused a global steel glut that sent prices plummeting. The tariffs the Trump administration imposed last year have reduced the flow of foreign steel in the U.S. and allowed domestic makers to expand again.
U.S. Steel Chief Executive Officer David Burritt said in a statement:
Thanks to the President’s strong trade actions and improved market conditions, support from the United Steelworkers and incentives from the State of Alabama and the Jefferson County Commission, we are excited to add EAF capabilities to our company’s footprint and provide sustainable tubular solutions for our customers.
EAF refers to “election arc furnaces,” which make steel from scrap metal instead of iron ore. They are considered more energy efficient than traditional blast furnaces and can be restarted once shut down. Older furnaces often had to be retired once they were shut down.
The Alabama plant will be the company’s second major expansion following the imposition of steel tariffs. The company restarted two blast furnaces at its mill near St. Louis last year.
U.S. Steel said the electric furnace and related casting equipment will cost about $215 million and will add about 150 workers to the existing 750-person workforce.
The market for tubular steel is closely tied to the U.S. energy market because the products are used at oil and natural gas wells. The tariffs have cut foreign supply while a recovery in energy prices has boosted demand.

Source: https://www.breitbart.com/economy/2019/02/11/u-s-steel-firing-up-furnace-alabama-thanks-tariffs/


I BELIEVE IN MY GOD, MY COUNTRY AND IN MYSELF.
Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458399
02/11/19 08:22 PM
02/11/19 08:22 PM
Joined: Oct 2013
Posts: 8,763
East of the Mason-Dixon Line
DelawareRob Offline
trapper
DelawareRob  Offline
trapper

Joined: Oct 2013
Posts: 8,763
East of the Mason-Dixon Line
Awesome!


Who is John Galt?

You don't rise to the occasion, you fall to the level of your training.

Semper Paratus
Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458400
02/11/19 08:23 PM
02/11/19 08:23 PM
Joined: May 2010
Posts: 28,978
potter co. p.a.
P
pcr2 Offline
"Twerker"
pcr2  Offline
"Twerker"
P

Joined: May 2010
Posts: 28,978
potter co. p.a.
cool









Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458413
02/11/19 08:31 PM
02/11/19 08:31 PM
Joined: Dec 2006
Posts: 62,661
Minnesota
330-Trapper Offline

trapper
330-Trapper  Offline

trapper

Joined: Dec 2006
Posts: 62,661
Minnesota
Good Deal !!!


NRA and NTA Life Member
www.BackroadsRevised@etsy.com




Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458415
02/11/19 08:31 PM
02/11/19 08:31 PM
Joined: Feb 2016
Posts: 3,520
Kentucky
ky_coyote_hunter Online content
trapper
ky_coyote_hunter  Online Content
trapper

Joined: Feb 2016
Posts: 3,520
Kentucky
Tired of winning? ...Me neither.





Member - FTA
Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458416
02/11/19 08:32 PM
02/11/19 08:32 PM
Joined: Dec 2011
Posts: 4,023
ND
grumley701 Online content
trapper
grumley701  Online Content
trapper

Joined: Dec 2011
Posts: 4,023
ND
The train Keeps on rollin...


Pure Blood
Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458423
02/11/19 08:44 PM
02/11/19 08:44 PM
Joined: Feb 2015
Posts: 6,004
alabama
steeltraps Offline
trapper
steeltraps  Offline
trapper

Joined: Feb 2015
Posts: 6,004
alabama
I worked at Steel plant in gadsden in the 90s . It went under so I went to work for the railroad. Now that i work for myself trapping for a living, I wished i had went in the ADC bussiness sooner

Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458424
02/11/19 08:45 PM
02/11/19 08:45 PM
Joined: May 2011
Posts: 223
NE Iowa
D
dogdown Offline
trapper
dogdown  Offline
trapper
D

Joined: May 2011
Posts: 223
NE Iowa
Trump's fault? grin

Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458448
02/11/19 09:00 PM
02/11/19 09:00 PM
Joined: Dec 2006
Posts: 1,602
Oregon 66
bfflobo Offline
trapper
bfflobo  Offline
trapper

Joined: Dec 2006
Posts: 1,602
Oregon 66
Maybe they will be expanding the tall steel fence building materials.


Clean traps,tight lines,straight shooting
http://i.imgur.com/3sawxE9m.jpg
Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458461
02/11/19 09:09 PM
02/11/19 09:09 PM
Joined: Dec 2006
Posts: 29,750
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 29,750
williamsburg ks
that is good news. country cant run without steel. we need to make our own again.

hope some textile manufacturing comes back. we grow a lot of cotton but can no longer make cotton cloth or tshirts and jeans. produce a lot of cattle too. but the hides go to china and come back as boots. need to reopen tanneries and boot-shoe factories


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: U.S. Steel Firing Up Furnace in Alabama [Re: bfflobo] #6458462
02/11/19 09:09 PM
02/11/19 09:09 PM
Joined: Dec 2012
Posts: 446
Minnesota
4
4zebra61 Offline
trapper
4zebra61  Offline
trapper
4

Joined: Dec 2012
Posts: 446
Minnesota
^^^^^^^^^
That’s what I thought too!


MTA member
NRA Benefactor Life Member
Winchester Arms Collector’s Assn.
Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458539
02/11/19 10:08 PM
02/11/19 10:08 PM
Joined: Jan 2007
Posts: 25,426
Georgia
warrior Offline
trapper
warrior  Offline
trapper

Joined: Jan 2007
Posts: 25,426
Georgia
That's the old Fairfield Works where my grandfather worked open hearth and my father worked the front office after college. I was born in the company hospital, Lloyd Noland.
Long history there.


[Linked Image]
Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458688
02/12/19 12:07 AM
02/12/19 12:07 AM
Joined: Sep 2012
Posts: 7,236
West Michigan
G
Getting There Offline
trapper
Getting There  Offline
trapper
G

Joined: Sep 2012
Posts: 7,236
West Michigan
Great!


To Old
U.S. Army 60-63 SGT.
Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458710
02/12/19 12:27 AM
02/12/19 12:27 AM
Joined: Mar 2007
Posts: 35,129
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
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Posts: 35,129
McGrath, AK
There is, of course, the flip side of higher steel input costs, due to tariffs, for all of our industries that use steel.


Mean As Nails
Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458729
02/12/19 12:57 AM
02/12/19 12:57 AM
Joined: Dec 2010
Posts: 34,759
Central, SD
Law Dog Offline
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Law Dog  Offline
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Posts: 34,759
Central, SD
Was a big steel mill on the South side of Chicago called Acme steel I always thought that was where the coyote shopped at.


Was born in a Big City Will die in the Country OK with that!

Jerry Herbst
Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458735
02/12/19 01:04 AM
02/12/19 01:04 AM
Joined: Dec 2006
Posts: 17,770
N.W. Iowa
T
Tactical.20 Offline
trapper
Tactical.20  Offline
trapper
T

Joined: Dec 2006
Posts: 17,770
N.W. Iowa
Lol!

Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458749
02/12/19 01:58 AM
02/12/19 01:58 AM
Joined: Jan 2019
Posts: 98
ohio physically, mentally unkn...
SkunkQuillWant Offline
trapper
SkunkQuillWant  Offline
trapper

Joined: Jan 2019
Posts: 98
ohio physically, mentally unkn...
And when trump leaves office.. guess what. And even excluding that, stock in some of the largest steel mills in the USA have declined by 1/2 . There is a glut of steel on the market, and the future looks even worse.


I would love to know the thinking behind these companies starting up the steel mills, knowing in 6 years, it will be back to normal, or worse

If it cost to much to make something in the USA out of steel, you get it made elsewhere. Canada buys steel from china, makes stuff, then we import it from there. You can't stop the free market.

The world is not going to give us brownie points just because of our tarrifs

Last edited by SkunkQuillWant; 02/12/19 02:00 AM.

Looking to purchase Skunk Quill 740 544 6513
Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6458750
02/12/19 02:07 AM
02/12/19 02:07 AM
Joined: May 2011
Posts: 3,916
Pa
A
Art S Offline
trapper
Art S  Offline
trapper
A

Joined: May 2011
Posts: 3,916
Pa
Doubt Ivanka would do that to her fathers legacy .

Re: U.S. Steel Firing Up Furnace in Alabama [Re: SkunkQuillWant] #6458837
02/12/19 08:33 AM
02/12/19 08:33 AM
Joined: Oct 2009
Posts: 3,635
Pottawatamie co. IA
LLtrapper Offline
"The Coon Combine"
LLtrapper  Offline
"The Coon Combine"

Joined: Oct 2009
Posts: 3,635
Pottawatamie co. IA
Originally Posted by SkunkQuillWant
And when trump leaves office.. guess what. And even excluding that, stock in some of the largest steel mills in the USA have declined by 1/2 . There is a glut of steel on the market, and the future looks even worse.


I would love to know the thinking behind these companies starting up the steel mills, knowing in 6 years, it will be back to normal, or worse

If it cost to much to make something in the USA out of steel, you get it made elsewhere. Canada buys steel from china, makes stuff, then we import it from there. You can't stop the free market.

The world is not going to give us brownie points just because of our tarrifs


War machines are made of steel. It is in our National interest to have more than we need. LLL


Isaiah 51:6 But my salvation will last forever, my righteousness will never fail.
Re: U.S. Steel Firing Up Furnace in Alabama [Re: Finster] #6459085
02/12/19 12:11 PM
02/12/19 12:11 PM
Joined: May 2011
Posts: 7,939
Montana
B
beartooth trapr Offline
trapper
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trapper
B

Joined: May 2011
Posts: 7,939
Montana
Excellent, same line of work I do. I operate a electric furnace but for platinum and palladium. Hot and dusty gassy work but good $$$$ and excellent benny's.


Let me sugar coat this
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