Play it again, Lourenco
In the more than three decades Lourenco Goncalves has spent in metals and mining, the Brazilian-born metallurgical engineer has never been a bit player.
A fan base of investors, including activist hedge fund Casablanca Capital, is betting the sequel to his latest performance will prove even bigger box office than his
IPO and the $1.24-billion
sale of Metals USA.
New production capacity has already come online this year, with more expected in the next two years as mills seek to capture market share.
Although shale drilling is expected to slow from the rapid buildup of the 2005-10 period, the industry will bring more wells online through 2015.
Natural gas demand and rulings against some steel imports have kept the North American OCTG market and its prices highly competitive.
Obama should terminate the longstanding ‘suspension agreement’ with Russia that has insulated US imports of Russian steel from trade action.
It has been strongly suggested that growth in automotive sales and manufacturing in recent years has kept the major metals sectors going.
Paper or plastic? Coal or oil? Wind or solar? Of all the contemporary contested cases involving the environment, there is another one that will certainly be most important for the metals sector: steel or aluminum?