U.S. Steel Firing Up Furnace in Alabama
#6458393
02/11/19 08:16 PM
02/11/19 08:16 PM
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Joined: Mar 2013
Posts: 17,038 Fredonia, PA.
Finster
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OP
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Joined: Mar 2013
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Fredonia, PA.
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Jobs, Jobs and more JOBS! U.S. Steel Firing Up Furnace in Alabama, Thanks to TariffsUnited 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.
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Re: U.S. Steel Firing Up Furnace in Alabama
[Re: Finster]
#6458415
02/11/19 08:31 PM
02/11/19 08:31 PM
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Joined: Feb 2016
Posts: 3,577 Kentucky
ky_coyote_hunter
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Tired of winning? ...Me neither.
Member - FTA
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Re: U.S. Steel Firing Up Furnace in Alabama
[Re: Finster]
#6458416
02/11/19 08:32 PM
02/11/19 08:32 PM
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Joined: Dec 2011
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grumley701
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The train Keeps on rollin...
Pure Blood
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Re: U.S. Steel Firing Up Furnace in Alabama
[Re: Finster]
#6458461
02/11/19 09:09 PM
02/11/19 09:09 PM
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Joined: Dec 2006
Posts: 29,888 williamsburg ks
danny clifton
"Grumpy Old Man"
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"Grumpy Old Man"
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williamsburg ks
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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)
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Re: U.S. Steel Firing Up Furnace in Alabama
[Re: bfflobo]
#6458462
02/11/19 09:09 PM
02/11/19 09:09 PM
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Joined: Dec 2012
Posts: 447 Minnesota
4zebra61
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^^^^^^^^^ That’s what I thought too!
MTA member NRA Benefactor Life Member Winchester Arms Collector’s Assn.
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Re: U.S. Steel Firing Up Furnace in Alabama
[Re: Finster]
#6458729
02/12/19 12:57 AM
02/12/19 12:57 AM
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Joined: Dec 2010
Posts: 34,914 Central, SD
Law Dog
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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
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Re: U.S. Steel Firing Up Furnace in Alabama
[Re: Finster]
#6458749
02/12/19 01:58 AM
02/12/19 01:58 AM
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Joined: Jan 2019
Posts: 98 ohio physically, mentally unkn...
SkunkQuillWant
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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
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Re: U.S. Steel Firing Up Furnace in Alabama
[Re: SkunkQuillWant]
#6458837
02/12/19 08:33 AM
02/12/19 08:33 AM
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Joined: Oct 2009
Posts: 3,635 Pottawatamie co. IA
LLtrapper
"The Coon Combine"
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"The Coon Combine"
Joined: Oct 2009
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Pottawatamie co. IA
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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.
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Re: U.S. Steel Firing Up Furnace in Alabama
[Re: Finster]
#6459085
02/12/19 12:11 PM
02/12/19 12:11 PM
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Joined: May 2011
Posts: 7,990 Montana
beartooth trapr
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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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