Steel Mills
President Obama visits ArcelorMittal Cleveland
Written by John Packard
November 14, 2013
Cleveland, 14th November – The President of the United States today visited ArcelorMittal’s Cleveland facilities, where he met employees at the hot dip galvanising line and gave a speech on the economy.
The President was welcomed to the plant by Lakshmi Mittal, Chairman and CEO. Speaking before the President, Mr Mittal said:
“It’s a great honour for all of us at ArcelorMittal Cleveland to welcome President Obama here today. We’ve been making steel in Cleveland for one hundred years. This year alone, we’ve invested 70 million dollars here in Cleveland. And this investment supported the creation of 150 new jobs. The link between Cleveland’s success and our investment in Advanced High Strength Steel has been very important to our success. In the coming years we will help our automotive customers meet the demanding fuel-efficiency standards that will be required in the run up to 2025.”
He also spoke about the importance of manufacturing to the US economy.
“The President’s visit here today confirms the continuing importance of the manufacturing sector to the US economy. Over the past few years manufacturing has grown stronger than GDP. We see the signs of resurgence all around us, with companies re-shoring manufacturing jobs back to the US. The resurgence of US manufacturing has been underpinned by huge changes in the energy market, thanks to increased provision of natural gas from shale At ArcelorMittal, we are committed to our manufacturing presence in the United States and of course here in Cleveland.”
Mr Mittal then handed over to Tom Scott, who has worked for ArcelorMittal Cleveland for 40 years as a crane operator, who had the honour of introducing the President. (ArcelorMittal Press Release)
John Packard
Read more from John PackardLatest in Steel Mills
Fall maintenance outages are coming in hot
Labor Day has passed, the sun is starting to set a little earlier each day, and cooler weather has begun to find its way down to many of us across North America. And you know what that means for the steel industry… Fall maintenance outages!
AISI: Domestic steel production ticks up
US raw steel production ticked up in the week ending on Sept. 6 after a decrease the week before, according to the most recent data from the American Iron and Steel Institute (AISI).
Domestic mill shipments slip in July: AISI
US steel shipments decreased month over month in July, but were up from last year, according to the latest figures from the American Iron and Steel Institute (AISI).
Nippon and USS drop litigation vs. USW and Cliffs
Another chapter of the Great U.S. Steel Buyout of the 2020s melodrama has closed, with all involved parties terminating the litigation disputes between them.
Steel Summit: Analysts say demand likely to struggle until 2027
Steel industry analysts at this year's SMU Steel Summit said they see lackluster demand through this year and next.