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U.S. steelmakers are lobbying in support of a wide-ranging federal
program to support public works projects, according to numerous
published reports. Nucor Corp. chairman Daniel DiMicco told the New
York
Times that domestic steel industry wants the new administration to
address "the worst economic slowdown in our lifetime through a recovery
program that has in every provision a 'buy America' clause."
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Rio Tinto Plc has an agreement to sell its 50% share of Qingtongxia
Aluminium Co., a joint-venture aluminum smelter in China's Ningxia
Province, to one of its investment partners.
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Global crude steel production for the 66 countries that report to
the World Steel Association was 87.6 million tons in November, down 1%
from the same month last year.
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Win fame and glory. Check out the latest cartoon and tell us
what's really going on.
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"This follows on, of course, the hundreds of billions already
passed out to actual banks..."
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"I tend to agree with the previous comments... In my twenty
years
of manufactring there is always pressure to outsource to cheaper and
foreign providers. The recession for manufacturing will not end. We can
strive to understand..."
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"OK, so if the Europeans can get tougher on China's unfair trade
practices why can't/won't the US?..."
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Daily News For January 5, 2009 
