Replies to post #6939 on The Rising Influence of Rising Affluence

[DewDiligence]

Good catch, DoA—I missed that exchange about CLF being able to supply Nucor.

[jbog]

So you guys think that it would make sense for Nucor to build a converting plant on the Gulf of Mexico (St. James Parish (La)) if it intended to buy its main ingredient from the north?

"" Nucor would build a new high-capacity port on the river capable of handling ocean vessels, as well as barges of coal and pig iron. This project would create a lot of jobs and stimulate the economy. The project's first phase would require a $2 billion investment and would directly create 2,000 jobs during peak construction. Five hundred permanent Nucor jobs would be created, earning an average annual salary of $75,000, plus benefits; roughly twice the area's median household income.

If the second phase is built, Nucor would invest an additional $1 billion for a second 3,000,000-ton blast furnace and increase permanent employment to 750.""

[DewDiligence]

(CLF)—Nucor’s DRI facility delayed until end of year:

http://www.bloomberg.com/news/2013-09-26/nucor-louisiana-iron-plant-delayed-after-storage-dome-collapse.html

Nucor Corp., the largest U.S. steelmaker by market value, delayed the opening of an iron-producing facility under construction in Louisiana until the end of the year after a storage dome collapsed. The plant, which will be the world’s largest producer of direct-reduced iron, was scheduled to begin production within a few weeks…