LNG exports may hurt manufacturing: execs

May 08, 2014 | 09:18 AM | Michael Cowden

Tags  natural gas, natural gas exports, liquefied natural gas, LNG, Ukraine, Russia, Europe, shale Nucor

INDIANAPOLIS — While U.S. steelmakers aren’t opposed to exporting the country’s shale gas reserves, especially in the wake of tensions in the Ukraine, they want to make sure any increases in energy exports don’t 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 don’t 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 Technology’s annual AISTech conference in Indianapolis.....





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