Local Union 1899 Granite City, IL

Steel Industry News

Production will begin in January, 2015 for a movie to be shot in Granite City, Illinois, starring William Hurt and Shirley MacLaine. The movie will relive a true story about steelworkers, basketball, survival, brotherhood and against all odds - winning in mid-America. The Eastern European immigrants were looked down upon as those who lived on the “other side of the tracks” in west Granite - Lincoln Place. But the relationship between the all workers and ethnicities in the mills improved as they developed ties and their bond with the United Steelworkers Union in 1942 and their victorious 1940 Illinois State Basketball Championship.

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During what appears to be a period of calm while waiting on the July ruling by the Department of Commerce, hopefully doing what's right: Penalizing cheating, job destroying, dream stealing, state subsidized, currency manipulating South Korean trade "partners', please watch and SHARE on social media the video compiled from all the #SOSjobs Save Our Steel Jobs Rallies. 

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New York Times Editorial Board
April 20, 2014

Many Americans have watched their neighbors lose good-paying jobs as their employers sent their livelihoods to China, Korea and Mexico. Over the last 20 years, the United States has lost nearly five million manufacturing jobs

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The culture of steel in America has always been about the industry and workers, operating together. $200 million in cutting edge technology invested in U.S. Steel Lorain Works but American jobs are being threatened by bad or unenforced Free Trade deals. It's like playing Whack-the-Mole; one country is slapped with penalties for cheating and another takes their place. The American steel industry could be further threatened by the looming TPP agreement. Ed Schultz traveled to Lorain, Ohio for a unique, local perspective.
 

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Late last month, a U.S. Steel facility in Lorain, Ohio announced the layoffs of 50 employees. But these decisions aren’t made in a vacuum. And this one came a week after the Department of Commerce (DOC) rejected the company’s claim that South Korea is dumping Oil Country Tubular Goods (OCTG) into the American marketplace. And what does Lorain Works produce? OCTG.
americanmanufacturing.org/blog/what-goods-trade-agreement-if-you-dont-enforce-books-trade-rules
 

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February 19, 2014 TribLIVE
By John Overez

The Department of Commerce did not impose anti-dumping duties on oil and natural gas pipe products from South Korea, the largest exporter among nine nations targeted in a trade case filed by U.S. Steel Corp. and other producers. Steel industry figures show that imports surged nearly 110 percent since 2008 from those countries, which the industry said caused “material injury” to domestic producers of so-called oil country tubular goods. 
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Wall St. Journal By Chuin-Wei Yap

China's push to clean up its heavily polluted environment and wring out excess industrial capacity is shaking up the heart of its steel country.
The central government has set a goal of lopping off a quarter of the province's steelmaking capacity. Read more >>>

Now that the government is officially out of the car business, and steelmakers and their employees are gainfully employed in no small part because of the success of the American Auto Industry: Will Republicans ever admit that the GM and Chrysler loans was the right thing to do? See read more below video for facts that should make all Americans happy.
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Jason Hall
The Motley Fool
October 18, 2013

The steel industry has been struggling for five years, as the global economy has shown only limited growth over that time period, hitting investors in steel manufacturing particularly hard, even as the rest of the market recovered strongly. At first blush, it wouldn't seem that these two are related to one another. However, there are two ways in which the expansion in natural gas (and domestic energy production in general) is helping to lift the steel industry, especially Nucor and its partnership with Encana.. Let's take a closer look.

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Alton Steel, a southwest Illinois steel producer, whose production workers are represented by the United Steelworkers, has turned a bankrupt Laclede Steel  facility into a successful enterprise in large part due to a local invester - the son of a steelworker who worked at this plant - and the experience and determination of the workers. Read more >>>

By John W. Miller
Wall St. Journal
April 4, 2013

Arkansas lawmakers are considering $125 million in state financing for a new $1.1 billion steel plant—a test of the political appetite for government subsidies for companies at a time of economic weakness.

The funding, which was proposed in January by Democratic Gov. Mike Beebe, has faced opposition recently amid concerns about state finances and a glut in the U.S. steel market. Several U.S. steel mills have gone under recently, and a 2010 plant in Alabama put on the market by Germany's ThyssenKrupp AG has yet to find a buyer.

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March 21, 2013
"The time has come for a strong global consensus that winners and losers in the steel business should be determined by hard work and innovation, by costs and competition – not by market-distorting subsidies including government programs like China's Currency Manipulation." ---U.S. Steel CEO John Surma.
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March 13, 2013
Wall St. Journal

China's steel industry has about 35% more capacity than it needs. The country's steel capacity last year reached a record 970 million tons, while output was only 717 million tons, the China Iron and Steel Association reported recently. Consumption was around 700 million tons, the association said.

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December 1, 2012
By Jeff Swensen  Wall St. Journal

A glut o f natural gas has pushed prices lower for both gas and coal, which compete to supply electricity. This has lowered energy costs for homes and businesses, given a crucial competitive advantage to manufacturers that use natural gas as a raw material, and created jobs in other industries, like steelmaking, trucking and construction that make products and supply services to drillers.

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Wall St. Journal
November 19, 2012
By ALISON SIDER, RUSSELL GOLD and BEN LEFEBVRE

Companies are racing to find ways to recycle the water used in hydraulic fracturing, chasing an emerging market that could be worth billions of dollars.

From energy industry giants Halliburton Corp. and Schlumberger Ltd. to smaller outfits such as Ecologix Environmental Systems LLC, companies are pursuing technologies to reuse the "frack water" that comes out of wells after hydraulic fracturing, or "fracking"—the process of using highly pressured water and chemicals to coax oil and gas out of shale-rock formations.


 

Wall St. Journal  November 13, 2012
By Colum Murphy

Brazilian miner Vale SA has spent around $2 billion on a fleet of huge ships to carry its iron ore from Brazil to China. The problem: China won't let them in. Valemax ships are nearly 400 yards long, almost four times the length of a football field and up to 50% bigger than the next largest carriers deployed across the globe, by Chinese or any other shipping lines. Vale began ordering the first of 35 giant ships, carrying 360,000 tons of ore, in 2008 from Asian shipyards at more than $100 million a vessel.

Brazil's Vale wants to become more competitive in shipping iron ore to China.
Chinese regulators have cited safety concerns over Valemax ships, as the cargo vessels are called. But analysts and industry observers point to a different reason: opposition from a Chinese shipping-industry group dominated by a state-owned company.

 

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By Aaron Kirchfeld and Tino Andresen
Bloomberg

ThyssenKrupp AG (TKA), Germany’s biggest steelmaker, has attracted about eight bids for its U.S. and Brazilian plants as it seeks to sell its unprofitable Americas unit, according to two people familiar with the matter.

ArcelorMittal, Posco (005490), Nippon Steel & Sumitomo Metal Corp., JFE Holdings Inc. (5411), Nucor Corp. (NUE), U.S. Steel Corp., Cia. Siderurgica Nacional SA and Ternium SA (TX) handed in indicative offers before the end of the September deadline, said the people, who asked not to be identified because talks are private. The German steelmaker may choose a shortlist of two or three bidders in November, they said.
 

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September 11, 2012
The U.S. auto industry is in the midst of its strongest growth period since 1996, U.S. Secretary of Labor Hilda Solis said today, September 11, 2012, at the Ford Motor Co.'s Flat Rock assembly plant in Michigan. Ford just announced it will be adding 1,200 new workers to the Detroit-area plant in expectation that the revamped Fusion sedan will see an increase in sales this fall. Working together, the plant workers, who are members of the UAW, and the company have increased productivity and brought jobs back to the United States. Read more >>>

Few fireworks displays have more drama than the process of steelmaking. Watch this YouTube video “Steelmaking From Start to Finish”
www.youtube.com/watch
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August 8, 2012

Jobs, jobs, jobs. That’s the cry of millions of Americans who have seen advances in technology and a shifting global economy make U.S. jobs disappear over the past decade.

This film calls for a revamped agreement for “balanced trade” to change a relationship that is converting America into, as cast member Lynn MacDonald puts it, “a subsidiary of China.”

All Americans have a role in changing this relationship, not just politicians and diplomats. American consumers aren’t making the connection between buying cheap, illegally subsidized Chinese products and the loss of American jobs — and they need to. The film, Navarro says, is about consequences and taking action.

www.youtube.com/watch Read more >>>

Thursday July 26, 2012

FRANKFURT (Reuters) -
ThyssenKrupp, Germany's biggest steelmaker, may sell mills with a book value of 7 billion euros ($9 billion) in Rio de Janeiro and the U.S. state of Alabama, throwing in the towel after cost overruns and delays at the plants.
 

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By Kim Leonard; TribLive
Friday, May 18, 2012

U.S. Steel Corp.'s new C Battery at its Clairton Works, along with synthetic coke-making projects in Indiana and Illinois, will make the steel producer "just about self-sufficient" in supplying coke to fuel its blast furnaces, CEO John P. Surma said on Friday.
 

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Wall Street Journal July 6, 2012
By Michael Dunne

China imposes a  25% import duty, 17% value-added tax and steep excise taxes more than double the price of a vehicle as it crosses the border into the mainland.  China’s tall wall of tariffs help explain why Jeep Grand Cherokees start at $85,000. Chinese law says that global companies from Toyota to GM to Volkswagen can build and sell cars in China only after forming a joint venture with a Chinese firm — usually a state enterprise. Moreover, foreign partners are forbidden from owning more than 50 percent of the joint venture.
 

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Robert Brooks; American Machinist
05/22/2012

Several of North America’s steel industry leaders shared a platform Monday, May 22, 2012  to tout their common policy objectives as they staged a joint press conference at the American Iron and Steel Institute’s annual General Meeting. They lead with the comparative good news and their shared position on a U.S Manufacturing Policy and continued trade enforcement.

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