GLG News by Steel Experts

European nations have used taxes and tolls to 'optimize' truck freight tonnage and reduce pollution and greenhouse gas emissions.  With an aggressive environmental agenda the new US government may seek to harmonize domestic standards with the Europeans. 

The problem with Detroit is arrogance and know it all..for years now the leadership at Detroit three auto makers insisted on not briniging new and fresh blood from the outside..you do not the autombile industry , you are no good. Yet there are  tremendous talents out there that can can help...

A report from the Dept of Energy said in May 2008 that US could build enough wind farms to provide 20% of country’s electricity by 2030. At that time oil prices were $147 a barrel, Boone Pickens calls for US to achieve this by building wind farms throughout the windy corridor from Texas to Dakotas....

Capacity shutdowns by Dow and BASF will pressure smaller players to rationalize their own operations.  If liquidity is insufficient to weather an extended downturn consolidation of global capacity is likely; voluntary or not. 

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China announced US$ 586 billion stimulus plan. Their planners are trying to make “CHINA’S EXPORT DRIVEN ECONOMY TO DOMESTIC DRIVEN” and will spend this amount in next 2 years. Focus will be in 10 areas, mainly post earthquake reconstruction, low cost housing, infrastructure etc. To achive such huge...

Exit of FDI from Indian equity market has shockingly pushed all infrastructure, steel, transport, natural resources and allied industries’ stocks towards South side. Presently Indian infrastructure, real estate, construction, steel, iron ore, shipping & hotel industry are worst suffered due to liquidity...

Falling oil prices have not led to price relief from major chemical and plastics producers.  Consumers will continue to see higher prices on everyday goods from diapers to toothpaste and toilet paper.

Corus is Europe’s 2nd largest steel producer which produces over 20 Mn tones crude steel with annual revenue of around 12 billion GBP. Corus was acquired by India based Tata Steel for $ 13.7 Bn. during April 2007. The company has steel manufacturing facilities in Britain and Netherlands. After...

Heavy Duty diesel truck engines must meet stringent EPA NOx emissions standards in 2010.  Solutions include SCR catalysts and/or high EGR rates.  The tradeoffs in performance and fuel economy may define market share among the major engine makers.