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Yadkin River

Alcoa must agree to environmental investigation » Alcoa News Updates » The St... - 0 views

thesnaponline.com/...to-environmental-investigation

shared by Yadkin River on 06 Dec 11 - No Cached
  • Now that Alcoa has announced the permanent closure of its Badin Works smelting plant, the company must allow for the proper and necessary environmental investigation of the site before it runs away with profits from our water and leaves us with a toxic mess.
  • Yadkin River on 06 Dec 11
     
    Now that Alcoa has announced the permanent closure of its Badin Works smelting plant, the company must allow for the proper and necessary environmental investigation of the site before it runs away with profits from our water and leaves us with a toxic mess.
Yadkin River

State Seeks Return of Yadkin River Flows, Hydroelectric License to People of ... - 0 views

thesnaponline.com/...se-to-People-of-North-Carolina

shared by Yadkin River on 06 Dec 11 - No Cached
  • Perdue: ‘Invaluable Natural Resource’ Must Be Managed for Public Good
  • Perdue: ‘Invaluable Natural Resource’ Must Be Managed for Public Good
  • Perdue: ‘Invaluable Natural Resource’ Must Be Managed for Public Good
  • Yadkin River on 06 Dec 11
     
    Perdue: 'Invaluable Natural Resource' Must Be Managed for Public Good
Yadkin River

Should the US Government Allow a Chinese Steel Mill to Invest in Steel Technology They ... - 1 views

agmetalminer.com/...vest-in-steel-development-corp

chinese steel development armory ms Correnti

shared by Yadkin River on 18 Dec 11 - No Cached
  • [Ed. Note According to a May 24 AMM post, the investment will also go toward building four re-bar plants (not one) and one flat rolled product mini-mill, all based in the US)
  • Dive under the surface a bit, and the investment by Anshan raises serious concerns not only among steel producers but also for any US manufacturing organization in general.
  • American national security infrastructure projects’ through the investment.”
  • ...8 more annotations...
  • Let’s examine rebar consumption. First, we’ll examine apparent consumption (apparent consumption is net domestic consumption plus imports) and then we’ll calculate capacity utilization: 2007 – 9.824m short tons 2008 – 8.374 m short tons 2009 – 5.359 m short tons 2010 – based on current 2010 run rates, the industry will ship 5.1m short tons If you compare the peak of the market (2007) with today, the US rebar industry operates at a 62% capacity utilization rate; the overall steel industry operates at a 72.9% capacity utilization rate as of June 26, 2010. Two rebar facilities are currently shut down, one in New Jersey and one in Oklahoma. Many of the other facilities that run both mixed merchant/rebar mills are also running at less than capacity If we were to develop a map of the United States and mark US rebar plant locations by geography (assuming each mill can ship up to a 300 mile
  • First, the last time the US steel market was at 120m tons of consumption was in 2006. The 2009 estimated steel consumption was 59m tons, data courtesy of the USGS. Prior to 2006, the only other year in which apparent steel consumption met or exceeded 120m tons was in 2005. The rest of this past decade, steel consumption hovered in the lower 100m ton range (e.g. less than 110m tons)
  • the question of technology transfer ought to be considered heavily
  • –Lisa Reisman
  • we’d see a glut of capacity in the US Southeast. The only argument one could make for building a rebar mill may be to move it somewhere out West, but even that may be a tenuous argument
  • And we all know that US construction markets (the biggest application for rebar products) remain in troubled waters. Take a look at annual expenditures for both commercial and residential construction here. Incidentally, 2010 data is tracking 8% below 2009 numbers. In other words, rebar capacity utilization rates are even less than overall steel industry capacity utilization rates
  • We can’t see the business case to add rebar capacity in the US. Clearly the PE firm involved in Steel Development Corp is banking on the management team.
  • If our politicians think this is about jobs, we can assure them that this may be a short term win (in terms of new jobs in Mississippi) – but they will result in a net loss for US manufacturing, as the current US domestic rebar industry has already laid off thousands of workers. And by giving this technology to the Chinese, well, we know what that will mean long term….
Yadkin River

Steel firm wants to diversify overseas - China.org.cn - 0 views

www.china.org.cn/...content_22068121.htm

development Correnti steel

shared by Yadkin River on 18 Dec 11 - No Cached
  • The company and the US-based Steel Development Company signed a deal in September last year to jointly build a steel rebar project in the US market. Total investment in the Mississippi steel rebar project is $168 million, with Anshan Steel taking a 14-percent share. Anshan Iron also plans to acquire nickel and chromium resources through overseas mergers or purchases, as the company considers building a stainless steel and specialty steel business to further diversify, Zhang said. Wang Min, Party chief of Northeast China's Liaoning province, where Anshan Steel is located, said the merger between Anshan Iron and Benxi Iron and Steel Group will make progress soon.
  • Yadkin River on 18 Dec 11
     
    The company and the US-based Steel Development Company signed a deal in September last year to jointly build a steel rebar project in the US market. Total investment in the Mississippi steel rebar project is $168 million, with Anshan Steel taking a 14-percent share. Anshan Iron also plans to acquire nickel and chromium resources through overseas mergers or purchases, as the company considers building a stainless steel and specialty steel business to further diversify, Zhang said. Wang Min, Party chief of Northeast China's Liaoning province, where Anshan Steel is located, said the merger between Anshan Iron and Benxi Iron and Steel Group will make progress soon. Anshan Steel announced in 2005 that it agreed to acquire Benxi Steel to form Anben Iron and Steel Group; however, the two firms have yet to transfer their operating assets to the new entity. The two companies' financial, sales and purchasing departments haven't been integrated. The move is a part of Anshan Steel's bid to reach an annual production capacity of 60 million tons in the next five years and to become one of the world's top five steelmakers by 2015.
Yadkin River

Stock:Alcoa (AA)/News/3308253 - 0 views

www.wikinvest.com/...3308253

stock alcoa

shared by Yadkin River on 18 Dec 11 - No Cached
  • Last month Forbes reported that aluminum prices have fallen below the cost of output for many producers, "creating a scenario in which global production may suffer in the months ahead if prices do not recover."
Yadkin River

Alcoa fills its last order in Badin - News14.com - 0 views

triad.news14.com/...-fills-its-last-order-in-badin

ALCOA yadkin Commissioners shutdown plantclosure badin

shared by Yadkin River on 18 Dec 11 - No Cached
  • Company officials say they had hoped to wait until November to shut down since production has shifted to its Iowa plant. The closure will affect 30 employees. Officials say many will probably retire, and some others may be offered transfers to other plants.
Yadkin River

Final group of Alcoa workers laid off - News14.com - 0 views

triad.news14.com/...roup-of-alcoa-workers-laid-off

ALCOA yadkin hydro Commissioners

shared by Yadkin River on 18 Dec 11 - No Cached
  • 02/15/2008 09:59 AM
  • he last six employees at the Alcoa aluminum production plant in Stanly County worked their last day Friday.
  • Alcoa started the process of curtailing production at the Badin site in August 2002. Since then, it's been a gradual process to halt work there.
  • ...1 more annotation...
  • Alcoa will still oversee the power-generating operations on Badin, High Rock, Tuckertown and Falls Lakes.
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