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Steel Dynamics To Build New Organic Flat Roll Steel Mill

Grokmaster

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While the Obama-Propped-Up-With-Taxpayer-$Billions GM FOUNDERS, operating at a loss, other, BETTER MANAGED COMPANIES ARE THRIVING, OFF OF THE TAXPAYER's TEAT.

More good news, from the resurgent US Steel Industry.

"Those jobs are NEVER COMING BACK."- Pres. Mommy Pants :lamo





Steel Dynamics To Build New Organic Flat Roll Steel Mill

(RTTNews) - Steel Dynamics, Inc. (STLD) said that its Board has authorized the company to construct a new state-of-the-art, electric-arc-furnace or EAF flat roll steel mill in the United States.

The facility is anticipated to have an annual production capacity of approximately 3.0 million tons with the capability to produce the latest generation of Advanced High Strength Steel products.

The project will include value-added finishing lines, including a galvanizing line with an annual capacity of 450,000 tons, and a paint line with an annual coating capacity of 250,000 tons. The product offering is anticipated to include various flat roll steel products, including hot roll, cold roll, galvanized, Galvalume and painted steel, primarily serving the energy, automotive, construction, and appliance sectors.

The current estimated investment is $1.7 billion to $1.8 billion, with anticipated direct job creation of approximately 600 well-paying positions, and numerous opportunities for indirect job growth from other support service providers.


https://www.businessinsider.com/donald-trump-vs-other-billionaires-2015-8
 

OlNate

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While the Obama-Propped-Up-With-Taxpayer-$Billions GM FOUNDERS, operating at a loss, other, BETTER MANAGED COMPANIES ARE THRIVING, OFF OF THE TAXPAYER's TEAT.

More good news, from the resurgent US Steel Industry.

"Those jobs are NEVER COMING BACK."- Pres. Mommy Pants :lamo





Steel Dynamics To Build New Organic Flat Roll Steel Mill

(RTTNews) - Steel Dynamics, Inc. (STLD) said that its Board has authorized the company to construct a new state-of-the-art, electric-arc-furnace or EAF flat roll steel mill in the United States.

The facility is anticipated to have an annual production capacity of approximately 3.0 million tons with the capability to produce the latest generation of Advanced High Strength Steel products.

The project will include value-added finishing lines, including a galvanizing line with an annual capacity of 450,000 tons, and a paint line with an annual coating capacity of 250,000 tons. The product offering is anticipated to include various flat roll steel products, including hot roll, cold roll, galvanized, Galvalume and painted steel, primarily serving the energy, automotive, construction, and appliance sectors.

The current estimated investment is $1.7 billion to $1.8 billion, with anticipated direct job creation of approximately 600 well-paying positions, and numerous opportunities for indirect job growth from other support service providers.


https://www.businessinsider.com/donald-trump-vs-other-billionaires-2015-8


Cool. So, what's the plan when imported steel is still cheaper, given the cheaper labor elsewhere, even with tariffs in place?

Consider the average pay of a Chinese worker:

https://www.scmp.com/business/china...s-shenzhen-rise-highest-earners-still-make-10

~$580USD per month.

How much should American workers expect to be paid, in order to be competitive?
 
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