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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

PUD - 0 views

www.youtube.com/...MartinDM07

shared by Yadkin River on 04 Dec 11 - No Cached
  • Yadkin River on 04 Dec 11
     
    WPUDA - Public Utility Districts
Yadkin River

WPUDA Washington PUD Association: PUD History - 0 views

www.wpuda.org/pud-history.cfm

shared by Yadkin River on 04 Dec 11 - No Cached
  • Yadkin River on 04 Dec 11
     
    WPUDA - Public Utility Districts
Yadkin River

Calisolar | Ceramic Tech Today - 0 views

ceramics.org/...calisolar

shared by Yadkin River on 05 Dec 11 - No Cached
    • Yadkin River
      Yadkin River on 05 Dec 11
       
      Yeah -- That has me scratching my Head Too.... Go Figure!
  • “The reason we’re coming here, and I’m going to be frank, is the Mississippi farm boys and the farm girls. I wouldn’t trade a Mississippi farm boy or farm girl for any Russian, Chinese, Japanese, Mexican, South American.”
  • a company spokesperson told me that the no other location was being contemplated
  • ...3 more annotations...
  • At the time, Calisolar said it couldn’t meet construction deadlines linked to some state-based financial incentives.
  • Those are nice incentives, but what doesn’t add up is that by shifting to Mississippi, Calisolar gave up a $275 million DOE loan guarantee and a deal through Ohio Public Utility Commission that would have saved the company $100 million in utility bills over ten years.
    • Yadkin River
      Yadkin River on 05 Dec 11
       
      No ... Did Correnti say that ?  Really ??
Yadkin River

WFAE 90.7 FM - 0 views

www.wfae.org/...1_87_316.cfm

alcoa yadkin hydro Commissioners wfae

shared by Yadkin River on 04 Dec 11 - No Cached
  • Mr. Stickler is correct when he states, “We don’t put $300 million of investment in the ground and remove those assets in a couple of years,” says Stickler. HE AND HIS HOPEFUL INVESTORS JUST DO NOT MAKE THE INVESTMENT IN THE 1ST PLACE. His last “Proposed” Rebar plant (http://www.steeldevelopment.com/home.php) was in Amory, MS…… They committed to “DECADES” in Amory, MS, only to spend about 3 million dollars in grading and to leave when their “Equity Investors” , apparently Chinese, pulled out. Commissioner Dennis and the rest of the Commissioners have just reason to be concerned. I have spoken to people involved in the Amory MS project as well as Ontario, OH, where good people acted in good faith and listened to the “Stickler Pitch”… This time and in this community, Officials are aware of the previous dealings that this group “Proposed” and did NOT deliver on. It seems as if ALCOA has a big problem on their hands attempting to Introduce Clean-Tech to the Community. It makes you wonder if they conducted their due diligence, or did they? I stand firmly behind the County Commissioners and it is my hope Governor Perdue and Sec. Crisco are aware of the very questionable ability of Clean-Tech to perform considering that they DID NOT in Armory, MS. Comment by JohnMullis - September 30, 2011 9:10 PM
  • The jobs and revenue produced for the public by publicly controlled hydropower, where public entities have control of the FERC license for the hydroelectric dams is well documented on the Stanly County website. http://www.co.stanly.nc.us/ALCOARelicensing/tabid/176/Default.aspx This website has links to key documents information about the Alcoa situation which ought to be read by anyone seeking to be informed about the issue or desiring to make an intelligent comment based on knowledge, not ignorance. In particular, take a look at the links on the Stanly County website to about the large numbers of jobs and revenue for the localities produced by the agreements struck between Alcoa and the New York Power Authority in December 2007 and between Alcoa and Chelan County, Washington, in June 2008. http://www.co.stanly.nc.us/ALCOARelicensing/tabid/176/Default.aspx In addition, opponent's of recapture of the Yadkin Project ought to look at industrial recruitment advantages that South Carolina enjoys with low cost electrical power produced by Santee-Cooper, South Carolina’s state-owned electric and water utility, and the state’s largest power producer. https://www.santeecooper.com/portal/page/portal/santeecooper/homepage Comment by WaterPatriot - September 27, 2011 2:13 PM
  • Yadkin River on 04 Dec 11
     
    Alcoa, Stanly County Square Off Over JobsJulie Rose Monday September 26, 2011
Yadkin River

Rock Island Hydro Project | Chelan County Public Utility District - 0 views

www.chelanpud.org/rock-island-hydro-project.html

shared by Yadkin River on 04 Dec 11 - No Cached
  • Yadkin River on 04 Dec 11
     
    Rock Island Hydro Project - Wenatchee, Washington
Yadkin River

Ohio Green Strategies Blog published by Bricker & Eckler LLP - 0 views

www.ohiogreenstrategies.com/details.aspx

ohio Calisolar GMPlant

shared by Yadkin River on 30 Dec 11 - No Cached
  • Jun 02, 2011 Calisolar incentive agreement awaits PUCO approval   Calisolar Inc. filed an agreement with the Public Utilities Commission of Ohio this week that if approved could save the company more than $100 million in electricity costs at its proposed manufacturing facility in Ontario, Ohio, according to an article in the Mansfield News Journal. Calisolar, Ohio Edison Co. and PUCO staff have signed off on the incentive agreement and urged the five-member Commission to quickly approve it. Calisolar, a producer of low-cost silicon for solar cells, plans to take over a vacant General Motors plant. The incentive agreement is contingent upon several things, including Calisolar hiring a certain number of employees. In exchange for locating in Ohio Edison's service area, the agreement states Calisolar will be eligible for up to $100 million in electric rate discounts if the facility's full-time employment is 1,100 or less, and up to $125 million in discounts if employment exceeds 1,100, according to the article.
Yadkin River

China's cyberwar against U.S. is too vital to ignore | CharlotteObserver.com & The Char... - 0 views

www.charlotteobserver.com/...as-cyberwar-against-us-is.html

ALCOA infrastructure ownership chinese FERC cyberwar

shared by Yadkin River on 22 Dec 11 - No Cached
  • China's cyberwar against U.S. is too vital to ignore
  • China is waging a quiet, mostly invisible but massive cyberwar against the United States
  • obtaining the ability to sabotage vital infrastructure.
  • ...5 more annotations...
  • stealing its most sensitive military and economic secrets
  • The Chinese offensive - and the economic and national security threats it poses - is simply too important to ignore.
  • guard domestic civilian targets
  • utilities such as power and water companies - not to mention the private e-mail accounts of thousands of Americans
  • This is the future of war. Sending armies to "invade" a country is too risky and fraught with diplomatic minefields. But covert strikes on sensitive and vulnerable technological targets? That is relatively easy, hard to trace, and capable of reaping significant rewards or causing large amounts of confusion and damage. A Like Reply
  • Yadkin River on 22 Dec 11
     
    Alcoa's relationship with China Power is too hard to Ignore
Yadkin River

Monroe360.com - Miss lawmakers approve 3 job creation proposals - 0 views

monroe360.com/...rove-3-job-creation-proposals-

Correnti governor miss Calisolar IncomingGovPhiBryant

shared by Yadkin River on 04 Jan 12 - No Cached
  • Miss. lawmakers approve 3 job-creation proposals
  • Gov. Phil Bryant,
  • Calisolar, based in Sunnyvale, Calif.
  • ...6 more annotations...
  • to make silicon metal for use in automotive parts, consumer electronics and energy products, including solar panels. Developers said the Calisolar project — sought by Ohio, among others — should create 951 jobs with an average annual salary of $45,000, plus benefits.
  • "The reason we're coming here, and I'm going to be frank, is the Mississippi farm boys and the farm girls," Correnti said. "I wouldn't trade a Mississippi farm boy or farm girl for any Russian, Chinese, Japanese, Mexican, South American."
  • lawmakers approved just over $175 million in bonds
  • $75.25 million for the Calisolar project
  • MDA executives said the bond request for the Calisolar project includes a $59.5 million loan for equipment and a building that would be owned by Lowndes County and leased by the company. The package also has an $11.25 million grant for infrastructure such as roads and utility lines and $4.5 million to help train employees at the plant.
  • MDA said the rebates will cost the state $15 million over 10 years.
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