Timelapse of curly icicles being extruded from pipes / Boing Boing | Rectangular Steel Tube

ValuEngine upgraded shares of Ternium (NYSE:TX) from a strong sell rating to a sell rating in a report published on Wednesday, January 2nd.

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The regulator also disallowed historic cost overruns of R72.3-billion associated with the Medupi, Kusile and Ingula projects. However, Eskom will be given an opportunity to prove to the Energy Regulator that the overruns were prudently incurred.

An adjustable wrench is larger than a fixed open-end or box-end wrench, but one adjustable alone can do the work of a number of fixed wrenches. The crescent has one jaw that is fixed and one that is adjusted by turning a worm screw. Both are open-ended, but their adjustable nature also means that they can be used on inch, metric, Whitworth and other dimensioned bolts.

Potts is seeking an award of actual damages for the transfers made, consequential damages for Steel Tube’s lost profits, punitive damages from each party, a void of the agreement through which Rives acquired partial ownership of Steel Tube, the removal of Rives as a director of Steel Tube, pre- and post-judgement interest awards, attorneys’ fees and treble damages.

For example, in some cases, the scaleup of a homogeneous CSTR system with simple chemistry can be straightforward, allowing the development to go directly from pilot to commercial scale. Assuming heat transfer is not a controlling issue and mixing characteristics do not significantly affect the kinetic rate, scaleup could be accomplished by using the same operating conditions as the pilot plant, maintaining similar reactor geometry, liquid hold-up volume and residence time. Conversely, a CSTR with multiple phases, complex chemistry, a high heat-transfer load, solids or catalyst addition or solids removal would probably require additional validation beyond the normal pilot scale. Similarly, a bio-based CSTR with live organisms, enzymes or yeast certainly requires multiple steps.

Evidence is now emerging that the Trump steel tariffs are beginning to have the desired effect of re-energizing shut-down steel mills and rolling lines, putting American steelworkers back to work, and displacing imports.  It also seems to be doing that without a particularly heavy burden on steel consumers, although the final appraisal of that aspect of steelmaking and steel tariffs is not complete.  This result is unsettling to the “free traders,” mostly because of thinking of political orthodoxy, but again I point out that the USA has not had, if it ever had, “free trade” in basic metals, mostly because there are no comparative advantages.  Instead, offshore (non-US) producers have long held an “absolute advantage,” in that offshore production costs have been lower than US costs in dollar terms, and in an effort to dispose of the chronic over-production of steel (due to large over-capacity),  offshore producers have been dumping their excess into the US market.      To illustrate, I invite readers to ponder the situation now unfolding in Lorain, Ohio.  Lorain has been a US steel-producing location since about 1880; it sits on the South Shore of Lake Erie, near Cleveland.  There are two steel plants in Lorain: the basic steel smelters of Republic Steel, and a processing re-melt and rolling mill operation of U.S. Steel. Both had some or all of their plant shut down in 2017, due to being undercut by dumped imported steel.       The Republic mill manufactured tubed product, basically forms of pipe, and rod product, including quite thin rod.  That sort of steel is used in such items as chicken-coop fencing, industrial fencing, and playground fencing. Tubing can be both thin-wall and thick-wall, and used in such final products as hydraulic lines, and pipe.  Now the Republic plant had shut down several pipe extruding and rolling lines; with the commencement of the tariffs, Republic is starting up those lines and calling back another thousand men.  Previous employment was down to about 660 men, so this is a significant boost in local employment.       The US Steel plant appears to be a rolling and finishing plant for both hot-rolled and cold-rolled products.  I do not have a full picture of the product lines, but given the historical location (near both shipbuilding and rail locomotive manufacture) I would guess it would include plate steel, boiler steel, structural.  That plant also will re-start rolling lines, probably adding many hundreds if not a thousand men.     The impact on Lorain is huge.  Lorain is a city gripped in poverty, with a poverty rate now at some 27% of the population.  Putting several thousand men back to work at steelmaking wages  (these are United Steelworkers Union jobs) dramatically changes that picture.  It also changes the dynamics of the local taxes and payments, putting City Hall on a more solid foundation, able to pay the policemen and the firemen.  So all of that is quite positive.     Who is taking the hit?  I don’t know, but I would assume the company taking the biggest hit is Acelar-Mittal, a dominant steel player headquartered in India.  The dumped product, I speculate, is flowing from Acelor mills in France, the Ruhr, India, and possibly Luxembourg.  I don’t know if any of the displaced product came from the other side of Lake Erie, in Ontario Canada, and probably does not, although the US-owned US Steel Canada might have produced some competing product.  How much tube steel was coming out of China is something the industry insiders would have a handle on, not me.  But in any event, it does choke off the dumped steel, and obliges domestic buyers to switch to US product, which they are now doing.  Bottom line:  Trump’s steel tariff gambit is working.  Now:  is it really hurting steel users?  Stay tuned for a later installment in this saga.   

21 – Despite Mexican efforts to stop them at the border, about 2,000 Central American migrants swam or rafted across a river separating that country from Guatemala, re-formed their mass caravan in Mexico and vowed to resume their journey toward the United States.

So the VW’s 175 mi to 300 mi estimate for the 48 kWh to 82 kWh packs seem competitive—perhaps a bit short for the 82 kWh pack, but again, we’ll have to see when the EPA figures come out how close those estimates are to reality.

Topics such as sales and sales revenue overview, production Galvanized Steel market share by product type, capacity and production overview, import, export, and consumption are covered under the development trend section of the Global Galvanized Steel market report. Lastly, the feasibility analysis of new project investment is done in the report, which consists of a detailed SWOT analysis of the Global Galvanized Steel market.

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