RosBusinessConsulting – News Online
Russia will increase steel supplies to the European market by 15 percent in 2007 compared to a year earlier, Veronika Nikishina, the Economy Ministry’s foreign markets department chief, told journalists, citing an agreement between Russia and the EU on steel supplies to European markets scheduled to be signed in April.
Contract settlement might allow company to be more competitive but increase chance of takeover
The end of a lockout that lasted nearly 13 months at its Middletown Works plant gave AK Steel Holding Corp. a labor contract it hopes will make the company more competitive in the global steel industry, but it remains unclear whether the company can sustain its goal of avoiding a takeover.
AK capped its pension and health-care costs and won the right to completely restructure its work force, eliminating a minimum limit on the number of employees and reducing about 1,000 job classifications to seven.
I’ve commented, from time to time, about the environmental and workplace safety issues in the Chinese steel industry (and the coal mining industry that produces coking coal for steel).
It seems like someone may be doing something about it.
China will close its dirtiest steel mills as it steps up efforts to rein in surging energy use and clean up environmental damage caused by its economic boom, Premier Wen Jiabao said Monday.
However, the word and the deed are sometimes separated.
Wen acknowledged Sunday that China failed to meet its conservation targets last year.
On Monday, he promised to “resolutely close down” its oldest, dirtiest steel mills, power plants and facilities in the cement, aluminum and coke industries.
I like a good recycling story …
With a year to go before it even touches the water, the Navy’s amphibious assault ship USS New York has already made history twice. It was built with 24 tons of scrap steel from the World Trade Center, and it survived Hurricane Katrina.
USS New York is about 45 percent complete and should be ready for launch in mid-2007. Katrina disrupted construction when it pounded the Gulf Coast last summer, but the 684-foot vessel escaped serious damage, and workers were back at the yard near New Orleans two weeks after the storm.
The ship was an impetus for many of the yard’s thousands of workers to return to the job, even though hundreds lost their homes, Quaglino and others said.
Northrop Grumman employed 6,500 at Avondale before Katrina. Today, roughly 5,500 are back on the job, working on the New York and three other vessels. More than 200 employees who lost their homes to Katrina are living at the shipyard, some on a Navy barge and others in bunk-style housing.
Steel from the World Trade Center was melted down in a foundry in Amite, La., to cast the ship’s bow section.
Huge girders and tightly wrapped cables of Pittsburgh steel were used to erect many of the major structures related to [New York] city’s expansion, business growth and, eventually, its tourism hot spots.
According to the Library of Congress Web site (http://www.americaslibrary.gov), “Pittsburgh steel was used to build some of the most important structures of the modern age: the Brooklyn Bridge, the Panama Canal locks, the Empire State Building, Rockefeller Center, the Oakland Bay Bridge and the United Nations. During World War II, southwestern Pennsylvania became known as America’s “Arsenal of Democracy,” because its mills were working around the clock to make enough steel for America and its allies.”