Friday, June 18, 2004
Yahoo! News - Rusty SteelmakersTake a Shine: "As an integrated steel manufacturer, U.S. Steel (26.8 million tons annual capacity) is well positioned for higher demand, with a rich product mix, favorable raw materials costs and profitable plants in Europe. The company mines its own iron ore and produces its own coke. Abrupt increases in the prices of coke and scrap metal have pounded minimills like Nucor, offsetting their advantages in labor costs. "