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Keyword: steel

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  • Ford’s Mustang Mach-E Profit Wiped Out by Commodity Costs

    06/16/2022 10:08:39 PM PDT · by conservative98 · 42 replies
    Yahoo Finance ^ | June 15, 2022 | Keith Naughton
    Ford Motor Co.’s hot-selling Mustang Mach-E electric SUV and other plug-in models are being rendered unprofitable by rising raw material costs. “We actually had a positive bottom line profit when we launched the Mach-E, commodity costs have wiped that out,” Chief Financial Officer John Lawler said Wednesday at the Deutsche Bank Global Automotive Conference, referring to 2020, when the vehicle went on sale. “You’re going to see pressure on the bottom line when we launch our EVs, they’re not going to be positive.”
  • 45th Congressional Race Between Steel and Chen Contentious

    04/26/2022 5:50:42 PM PDT · by T Ruth · 1 replies
    The Epoch Times ^ | April 26, 2022 | Drew Van Voorhis
    In the newly redrawn 45th congressional district, Republican incumbent Michelle Steel is facing up against Democrat real estate firm owner and Navy reserve officer Jay Chen. Steel will be running for her second term in Congress, where she last beat incumbent Rep. Harley Rouda in the 48th district in 2020. Previously, she was an Orange County Supervisor since 2015 and also served on the California State Board of Equalization. Chen has also served on elected boards before, where he was a member of the Hacienda La Puente Unified School District from 2007 to 2015 and is currently a trustee of...
  • Graphene in concrete is already changing the rules of the game in construction

    04/10/2022 8:43:22 PM PDT · by upchuck · 61 replies
    YouTube ^ | Dec 15, 2021
    Engineers have long dreamed of creating a wonderful material that can revolutionize construction. In 2004, their dream came true. British scientists first created Graphene—one of the forms of nanocarbon that is only 0.3 nanometers thick—a million times thinner than a human hair, but it can withstand colossal loads! Many immediately predicted a great future for it, and a little later, scientists were given the Nobel Prize. However, mass adoption did not happen. And only now, after 15 years, the first real opportunities have appeared to use the material of the future in commercial projects. Super-substance is made from ordinary graphite,...
  • Billion dollar loot claimed in Massachusetts

    03/30/2006 4:45:01 PM PST · by Tailgunner Joe · 10 replies · 559+ views
    Mineweb ^ | 30-MAR-06 | John Helmer
    MOSCOW (Mineweb.com) -- It is almost forty years since those fine falsettos, the Bee Gees, put their pop classic, “Massachusetts”, on the top of the charts. They had no idea that their lyrics might become the alleged plot of a scheme by a trio of Ukrainian metal men to steal hundreds of millions of dollars in proceeds from the processing of manganese ore, and the sale of ferromanganese, ferrosilicon, and silicomanganese to steelmakers around the world. “And the lights all went out in Massachusetts,” sang Robin and Barry Gibb. “They brought me back to see my way with you.” On...
  • The Bicycle Thread - January 2022

    01/05/2022 2:01:37 AM PST · by Berlin_Freeper · 23 replies
    January 5, 2022 | The Bicycle Thread
    Welcome to The Bicycle Thread. A monthly PING List for bicycle enthusiasts to share experiences, information and ideas.
  • Coal On Track To Break Records Despite Efforts To Curb Production

    12/22/2021 11:26:58 AM PST · by Hojczyk · 13 replies
    Yahoo Finance ^ | December 22, 2021, 12:00 PM | Editor OilPrice.com
    Coal production is set to hit an all-time high according to the International Energy Agency (IEA) despite the curbing of production across several countries and aims for decarbonization following COP26. Coal demand has continued to increase through 2021 mainly due to the needs of large Asian countries that still rely on the fossil fuel, as well as gas shortages forcing European states to shift back to coal. Coal has experienced a dramatic rebound this year, with production levels set to hit an all-time high in 2021 and demand levels to peak in 2022. Even after worldwide power generation from coal...
  • Supply-chain problems delaying completion of some PennDOT projects

    12/16/2021 11:10:17 AM PST · by Tolerance Sucks Rocks · 4 replies
    The Pittsburgh Post-Gazette ^ | December 15, 2021 | Ed Blazina
    Supply-chain problems, especially related to steel, are beginning to affect road and bridge projects that contractors are doing in this area for the state Department of Transportation. In a year-end wrap-up of the construction season Wednesday, District 11 Executive Cheryl Moon-Siriani and Jason Zang, assistant executive who oversees construction, said some contractors are having problems obtaining materials they need. The district includes Allegheny, Lawrence and Beaver counties. They didn’t want to identify specific projects, but they said in some instances contractors have changed how work is scheduled to do work in areas where they have the materials they need. In...
  • VIDEO: ESPN Repeats Lie That Someone Put a Noose in Bubba Wallace’s Stall

    12/15/2021 10:56:05 PM PST · by MarvinStinson · 19 replies
    breitbart ^ | 14 Dec 2021 | DYLAN GWINN
    On Tuesday, ESPN released a video trailer for their upcoming E:60 special Fistful of Steel on the Bubba Wallace noose incident last year. However, at no point during the video do they mention that the FBI determined that the “noose” was a garage pull and Wallace was not a victim of a hate crime at all. In June of 2020, NASCAR driver Bubba Wallace claimed a rope fastened to the front of his garage stall was a noose. An uproar ensued, in which the NASCAR world rallied around Wallace. However, a detachment of FBI investigators concluded, based on the fact...
  • Police shoot driver who allegedly drove into cyclists in Arizona

    06/19/2021 5:31:59 PM PDT · by Berlin_Freeper · 39 replies
    CBS News ^ | June 19, 2021 | Cassidy McDonald
    A truck driver plowed into a group of bicyclists during a race event in eastern Arizona, and police said Saturday that an officer shot the suspected driver, who had fled the scene in their vehicle. The Show Low Police Department said that at approximately 7:25 a.m., a black Super Duty Ford F150 struck multiple bicyclists during a "Bike the Bluff" race event. Six victims were taken to the hospital with with injuries — four of whom were in critical condition, while two were "critical but stable," police said. Police said at least two other "walk-in" victims at Summit Healthcare were...
  • Metallurgist admits faking steel-test results for Navy subs

    11/08/2021 5:29:01 PM PST · by ameribbean expat · 116 replies
    SEATTLE A metallurgist in Washington state pleaded guilty to fraud Monday after she spent decades faking the results of strength tests on steel that was being used to make U.S. Navy submarines. Elaine Marie Thomas, 67, of Auburn, Washington, was the director of metallurgy at a foundry in Tacoma that supplied steel castings used by Navy contractors Electric Boat and Newport News Shipbuilding to make submarine hulls. From 1985 through 2017, Thomas falsified the results of strength and toughness tests for at least 240 productions of steel — about half the steel the foundry produced for the Navy, according to...
  • US and EU reach peace deal on Trump-era tariffs on steel and aluminium

    10/31/2021 12:40:39 AM PDT · by blueplum · 7 replies
    The Guardian ^ | 30 October 2021 | uncredited Reuters
    The US and EU have agreed to end a festering dispute over US steel and aluminium tariffs imposed by former president Donald Trump in 2018, removing an irritant in transatlantic relations and averting a spike in EU retaliatory tariffs, US officials have said. Commerce secretary Gina Raimondo told reporters on Saturday that the deal would maintain US section 232 tariffs of 25% on steel and 10% aluminium, while allowing “limited volumes” of EU-produced metals into the US duty free.... ...EU trade chief Valdis Dombrovskis confirmed the deal, writing on Twitter that “we have agreed with US to pause” the trade...
  • Factories across Britain could be shut down for Christmas as gas bills soar

    10/11/2021 5:55:36 AM PDT · by RomanSoldier19 · 29 replies
    https://metro.co.uk/ ^ | Saturday 9 Oct 2021 9:38 am | Sam Petherick
    More industry leaders have warned that factories could close this winter as soaring energy costs eat into profitability. They said the production of items and materials ranging from toys, clothes, chocolate, paper, glass, lime, cement, ceramics and chemicals is on the line. A worst-case scenario could see steel plants close for good. The business secretary Kwasi Kwarteng met with representatives of energy-intensive trades who said electricity costs were up five times on normal levels. Taking aim afterwards, UK Steel’s Gareth Stace said the government has done ‘nothing’ to alleviate the crisis. By contrast, he claimed several European governments were investing...
  • Crisis looms in Britain, steel makers warn

    10/11/2021 5:39:55 AM PDT · by Oldeconomybuyer · 3 replies
    Reuters via Yahoo UK ^ | October 11, 2021
    LONDON (Reuters) -The British steel industry's lobby group warned on Monday of an impending crisis due to soaring wholesale energy prices which could force plants into expensive shutdowns, stoke emissions and sow chaos through supply chains. A shortage of natural gas in Europe had sent prices for electricity and gas soaring, triggering sharp rises in the prices paid by people heating their homes or for major heavy industrial plants smelting steel. "These extraordinary electricity prices are leading to smaller or wiped-out profits and thus to less reinvestment," UK Steel, which lobbies on behalf of the British steel industry, said in...
  • FReeper model builders? A question.

    08/23/2021 12:57:05 AM PDT · by ExGeeEye · 16 replies
    I'm looking to repaint a small steel toy. It's nearly 50 years old, and some of the paint separated while in storage and fell off. I'd like to repaint it, and thought of brushed-on model paint as the best solution. However, model paint is usually sold near plastic models. So, the question for model builders: can these paints (like Testor enamel) be used for steel parts, or is there something more suited? Thanks :)
  • The Real Cost Of Green Steel

    08/22/2021 3:33:04 PM PDT · by Renkluaf · 22 replies
    Watts Up With That ^ | 8/22/21 | Willis Eschenbach
    There is much agitation in the climatosphere about the amount of “coking coal” used in making steel. A number of allegedly smart folks are working on ways to replace that coal with hydrogen to reduce the amount of eeevil CO2 produced in steelmaking. There’s a very recent post on the subject here on WUWT, describing a “green steel” method developed in Sweden. So I thought I’d take a look at the numbers for steel for the European Union. If you know me, you know I like to run the numbers myself. From “Hydrogen In Steel Production“, I find: The steel...
  • Hot-Rolled Steel Prices Hit Record As Infrastructure Deal Nears

    06/29/2021 8:55:15 AM PDT · by blam · 4 replies
    Zubu Brothers ^ | 6-29-2021
    Future prices for hot-rolled steel, commonly used in producing frames for trucks and heavy machinery, hit a record high Monday on the prospects of an infrastructure deal nears. July Nymex Midwest Domestic Hot-Rolled Coil Steel Futures hit a record high of $1,801 Monday, rising nearly 1%, after more than doubling from the virus pandemic low in 1Q20. Hot rolled steel is used in agriculture and heavy machinery equipment because of its high strength and formability. With the Biden team in damage control last weekend, admitting they will sign the roughly $1 trillion bipartisan infrastructure, prices have been on a tear....
  • The Bicycle Thread - June 2021

    06/02/2021 11:28:33 AM PDT · by Berlin_Freeper · 64 replies
    June 2, 2021 | The Bicycle Thread
    Welcome to The Bicycle Thread. A monthly PING List for bicycle enthusiasts to share experiences, information and ideas.
  • Record iron ore prices boost Australia's economy, but will the China trade war end the boom?

    05/27/2021 1:14:36 AM PDT · by nickcarraway · 4 replies
    ABC News (Australia) ^ | 5/26 | Rachel Pupazzoni
    Driving along the Great Northern Highway through Western Australia's remote Pilbara region at sunrise is a unique experience. A landscape of gold, red and green surrounds you, the sky glows with a pink hue and the air is crisp. Underneath all that natural beauty lies the single most valuable thing to Australia — iron ore. Rio Tinto's iron ore trains stretch up to 2.4 kilometres and carry as much as 28,000 tonnes of iron ore in a single trip.(ABC News: Rachel Pupazzoni) The commodity helped shave $50 billion off the recently revealed budget deficit, it's what Western Australian Premier Mark...
  • In the Face of Most Democrats' Opposition, U.S. Steel Cancels a Billion-Dollar Investment

    05/11/2021 5:16:09 AM PDT · by Kaslin · 41 replies
    Townhall.com ^ | May 11, 2021 | Salena Zito
    BRADDOCK, Pennsylvania -- Exactly two years ago, U.S. Steel Corporation announced that the company would turn its Mon Valley Works operations into a key source of lightweight steel for the automotive industry. At the time, local leaders and company officials called the investment "transformational." It involved a whopping $1.5 billion upgrade to the three Mon Valley Works plants, all in Pennsylvania -- the Edgar Thomson Plant in Braddock, the Irvin Plant in West Mifflin and the Clairton Coke Works in Clairton -- with technology and improvements that would have resulted in cleaner air for all three communities as well as...
  • A Shocked Warren Buffett Sees ‘Significant’ Inflation: ‘The Costs Are Up, Up, Up. We’re Seeing Substantial Inflation’

    05/02/2021 4:33:39 PM PDT · by wrrock · 48 replies
    TG ^ | 5/2/2021 | Evan
    Speaking to Berkshire’s millions of shareholders on Saturday, Buffett warned the company was being hit by inflationary pressures: “We’re seeing very substantial inflation – it’s very interesting. I mean, we’re raising prices. People are raising prices to us. And it’s being accepted.” “The costs are just up, up, up. Steel costs, you know, just every day, they’re going up.” “And it just won’t stop! People have money in their pocket, and they pay the higher prices… There’s more inflation going on that people would have anticipated six months ago or thereabouts.” -VIDEO