1. Cleveland Cliffs - the ore mining firm- purchased AK steel at the River Rouge plant earlier this year. However, all the signs identified the steel plant as AK. Is this unusual?
2. The renovated nearby Marathon Oil refinery refines bakken oil from the sands of northern Alberta. I thought that bakken oil was competitive only if the price of oil was high. I assume it costs a good bit to keep that oil liquid and ship it by pipeline from northern Alberta to Detroit and Sarnia. Is the Marathon plant able to refine other oils if oil stays low in price?
3. Is there any word about what US Steel with do with their now idle Zug Island plant?
4. About three years ago, New Steel International took possession about about one thousand acres on either side of the GTW tracks near Durand. They proposed to build a new pollution minimal plant to produce steel for the vehicle industry. This same firm tried to do the same thing in Ohio but did not get the capital they expected from Russian investors. Has New Steel raised the capital they will need to built a new greenfield steel plant near Durand?
Thank you.