LNG exports may hurt manufacturing: execs
May 08, 2014 | 09:18 AM
| Michael Cowden
INDIANAPOLIS While U.S. steelmakers arent opposed to exporting the countrys shale gas reserves, especially in the wake of tensions in the Ukraine, they want to make sure any increases in energy exports dont come at the expense of domestic manufacturing.
Low-cost and abundant energy represents a "once-in-a-generation opportunity" to see domestic manufacturing grow, according to John Farris, vice president and general manager of Nucor Steel Texas. Nonetheless, Charlotte, N.C-based Nucor Corp. supports a "tempered" approach to liquefied natural gas (LNG) exports, he added.
"We dont want to see us so heavily invested in LNG (exports) that we frustrate the reshoring of manufacturers back in this country because our largest customer base is those manufacturers," Farris said during a town hall forum at the Association for Iron and Steel Technologys annual AISTech conference in Indianapolis.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.