Tax credit end may be bad news for plate
Sep 21, 2012 | 04:38 PM
| Frank Haflich
SEAL BEACH, Calif. One of steel plates most important emerging markets is bracing for a "significant" drop in the fourth quarter due to the threat of a year-end tax credit phaseout thats already causing cutbacks, according to an executive of SSAB Americas.
Jeffery J. Moskaluk, chief commercial officer of the Lisle, Ill.-based plate producer, told an Association of Women in the Metal Industries meeting that the end of a tax credit for renewable energy production could put a serious dent in the construction of wind turbine towerspossibly by as much as two-thirds, according to some wind energy industry studies.....
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