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80

M

arch

2015

Global Marketplace

Chinese steel exporters had been adding boron to some of

their steel products to qualify for the now-expired rebate,

which ran as high as 13 per cent on product for sale overseas.

But, as reported by

Bloomberg News

(5 January), Ms Hu said

producers may continue to receive the rebate by incorporating

chromium instead of boron into their steel.

CBC News

(Ottawa) reported 15 January that US Steel

Canada (USSC) planned to restart the coke ovens at

its Hamilton (Ontario) operations and re-employ some 77

employees laid off last autumn when the company declared

bankruptcy and “hot idled” the plant. Work was to resume

in March when a steady supply of American coal could be

transported through the Welland Canal, navigable again after

the winter.

The Canadian government has signed an order blocking

the state of Alaska from updating a ferry terminal on

Canadian soil in British Columbia in a dispute over the steel

to be used in the project. The site, at a port that is part of the

Alaska Marine Highway System, is leased by the state. The

major contribution to the construction budget is expected to

come from the US Federal Highway Administration, which has

“Buy America” requirements for steel, iron, and manufactured

products used in projects it funds. The remainder would come

from the state of Alaska.

Canadian officials maintain that Canadian metal suppliers

should not be excluded from bidding on the work; but the

governor of Alaska, Bill Walker, has declined to seek a waiver

of the “Buy America” provision. The state, which faces multi-

billion-dollar budget deficits deriving from the plunge in oil

prices, is not well positioned to fund the project on its own.

In a statement on 19 January, Canada’s minister of

international trade, Ed Fast, called the application of “Buy

America” provisions on Canadian soil an “affront to Canadian

sovereignty.” And there the matter stands.

The prospective purchase by Esmark Inc (Sewickley,

Pennsylvania) of a former US Steel Corp plant in Serbia

advanced a step with the announcement by the Serbian

government that the flat-rolled steel processor and distributor

submitted the only valid bid for the money-losing Zelezara

Smederevo steelworks. Serbia is trying to offload Zelezara

Smederevo as it seeks to rein in its budget deficit and public

debt under a new loan deal with the International Monetary

Fund.

As reported by John D Oravecz in the

Pittsburgh Tribune-

Review

(10 January), Esmark CEO James P Bouchard met

with Serbian government leaders in London in October and

committed to bidding for the operations, about 30 miles

southeast of Belgrade, under a newly formed subsidiary,

Esmark Europe.

Mr Bouchard had previously told Tanjug, the Serbian state

news agency, that Esmark is prepared to invest $400 million in

the plant over the next few years and that it would not lay off

any of the 5,000-strong workforce.

Dr. Linsinger-Str. 24, 4662 Steyrermuehl, Austria

Tel. +43 7613 88 40, Fax +43 7613 88 40-951,

E-Mail:

maschinenbau@linsinger.com

w w w . l i n s i n g e r . c o m

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21.01.2015 11:29:30