Low gas prices to give US steelmakers edge

May 23, 2012 | 10:13 AM | Michael Cowden

Tags  natural gas prices, Lincoln Electric, Michael DeShane, steel, electric furnace, Wire Rod Supply Chain Conference, Michael Cowden

DALLAS — Historically low natural gas prices could give U.S. steelmakers and manufacturers a competitive advantage in the global economy, a Lincoln Electric Co. executive said.

Natural gas prices have plunged to 10-year lows, sometimes falling below $2 per million British thermal unit (mmBTU) in recent months, according to Michael DeShane, director of North American consumables purchasing at the Cleveland-based company. "This is the big story, in my opinion," he said Tuesday during a presentation on the energy sector at the Wire Rod Supply Chain Conference in Dallas co-hosted by AMM and the American Wire Producers Association.....

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