China's iron and steel industry association clamored Tuesday for a 40% cut in iron ore prices.
Rio's boosters point to new investment in textiles, fruit, a new deepwater port and a resurgent steel and shipbuilding industry.
Influencing all of the price projection is the outlook for the Chinese economy and its steel industry which has all but stopped expanding.
Community trade union general secretary Michael Leahy said the announcement followed a four-year long downturn in the UK and European steel industry, with the fall in UK steel demand steeper than any other major European economy.
Elsewhere, the Welsh Affairs Committee (at 9.30am) has a one-off evidence session on the recent Tata Steel Ltd restructuring proposals and their potential impact on the steel industry in Wales, their wider impact and whether the UK government and Welsh government are helping to provide the right conditions for the steel industry to prosper.
Composite is the most common form is carbon fibre and is gradually replacing steel and aluminium in industry.
Meeker was raised by a homemaker mom and a steel-industry-exec dad in Portland, Ind.
Metallurgical coal is used to manufacture steel and is therefore susceptible to the cyclical ups and downs of the steel industry.
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Peter Marcus, a steel-industry veteran and managing partner of World Steel Dynamics in New York, says that by 2010 China will have capacity for steel products some 63m tonnes ahead of forecast domestic demand.
The oil fever is tapering off, as is the inflationary fever that hit the steel industry and international shipping.
Mittal has been very open about his desire to see consolidation in the world's steel industry and to wring out its inefficiencies.
While Bill Gates and Warren Buffett--numbers one and two on last year's Forbes Billionaires list-- engage in a genteel game of bridge, Lakshmi Mittal is ripping apart the world's steel industry and reshaping it to his liking.
And when the backlog in the steel industry occurred last year, Reilley had other deals in the works with oil and natural gas exploration companies that helped pick up the slack.
Revenue and earnings were hammered by the recession, as usage of steel by automakers and in the construction industry plummeted, and competition from China increased.
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Hennessy also likes Tokyo Tekko, which makes electric furnaces and structural steel for the construction industry.
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DiMicco's own compensation involves three-year performance metrics tied to return on equity, return on capital and revenue growth relative to steel industry peers.
The real problem though is that domestic unions, the steel industry, and their trade lawyers in Washington insist on having their cake and eating it too.
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Vice-President Al Gore is keen to strengthen his ties with Richard Gephardt, the House minority leader and a champion of the steel industry, who is backing his presidential bid next year.
Regarding global trade, George Bush has painfully learned that protectionism is a loser, both economically (his steel tariffs cost more jobs among steel users than they saved in the steel industry) and politically (those tariffs ended up winning him no favor in Ohio, Pennsylvania or West Virginia).
Unlike the power sector, the steel industry is fragmented and tougher to control, particularly with local governments relying on smaller, and often dirtier, mills.
And Chinese stocks all through the steel industry, from iron ore to finished goods, which were built up in the expectation of a bigger stimulus package than has yet materialised, are now being run down, amplifying the downward price swing.
If cars are smart enough to drive themselves, and avoid crashes, everything from the steel industry to hospitals would be affected.
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Think the auto industry in Detroit and Pennsylvania steel.
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He justified this on the grounds that America's hard-pressed steel industry needed protection from dumping and time to restructure.
These are important raw materials for the steel industry, among others, and China restricts their exports on the grounds that they are exhaustible resources.
Coal prices have doubled since the beginning of 2009 - largely thanks to strong demand from China and India, mainly for use in the steel industry.
And, as the container industry bought less steel from abroad, overseas firms had fewer dollars to buy U.S. products or to invest in the U.S. economy.
One example is the steel industry which, burdened by tariffs and quotas from importers, was fingered as a potential WTO winner.
The full meaning of this emerged on November 10th, when Mr Gore and the president met representatives of America's steel industry.
Bush will be a headliner Tuesday in Pittsburgh, Pennsylvania, home of pro football's Steelers and once the bastion of the world's steel industry.
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