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Non-Tech : BS: Bethlehem Steel Corp.
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To: Seeker who wrote (6)1/30/2001 3:38:02 PM
From: Copperfield  Read Replies (1) of 14
 
Can't say for sure. I think that integrated steel producers
could benefit in times of high energy prices. They use coal
and cheaper fuel. If people think that blast furnaces pollute more than electric furnaces consider this: In many
regions electric steel mills use electricity produced by coal, oil or gas fired power plants. That means (since these plants average about an efficiency of 33%) that 3 times as much fuel is used to produce the same amount of steel. With higher natural gas and electric rates electric mills could cost more. Foreign steel production costs are rising too as well as transportation costs. However, there is no shortage of coal in the USA for the years ahead.
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