Posted by WHEELING DENNY on 8/14/2008, 2:17 pm
FOR THE LAST TWO DAYS, OFFICALS HAVE BEEN IN WHEELING MEETING WITH THE MEDIA & EMPLOYEES TO SHARE THEIR VISION FOR THE FUTURE OF THE STEEL MAKER. AS EXPLAINED IN TODAY'S WHEELING INTELLIGENCER, COMPANY OFFICALS SAID THAT "SPARROWS (POINT) PRODUCES BETWEEN 600,000 AND 750,000 TONS MORE SLABS THAN IT CAN PROCESS, MEANING THE SLABS COULD BE ROLLED INTO COILS AT MINGO JUNCTION HOT MILL. HE SAID THERE COULD BE AS MUCH AS 400,000 TO 500,000 TONS A YEAR COMING OUT OF MINGO JUNCTION TO GO TO DEARBORN TO FEED THE AUTO INDUSRTY."
THIS SHOULD BE GREAT NEWS FOR THE WHEELING!!! THEY CURRENTLY HAUL COKE FROM SEVERSTAL'S FOLLANSEE COKE PLANT TO DEARBORN. THEY HAVE JOINTLY HANDLED THE SLAB TRAINS TO MINGO.
IF ALL GOES AS ENVISIONED, THE FUTURE COULD BE BRIGHT. EVEN THOUGH HAVING A LOCAL STEEL PRODUCER BEING OWNED BY A RUSSIAN COMPANY LEAVES A SOUR TASTE IN MY MOUTH. (IN THE END IT WILL ALL BE DICTATED BY WHAT THE WORLD MARKET PLACE CAN HANDLE.)
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