Word: coiled
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Already, as more integrated mills shutter their furnaces, the minis keep expanding. Steel Dynamics broke ground on a $315 million structural-steel and rail mill in Columbia City, Ind., last May. And just outside Mobile, Ala., a $35 million heavy-plate and coil mill went online last year, built by the Canadian firm IPSCO. Why did IPSCO invest in Alabama? A $500 million package of tax breaks and subsidies, including money for roads, rail service and docks along the Mobile River, helped attract the company, said a spokesman. So did the weakness of unions in Alabama...
...tenth of what a typical American steelworker earns. The Slovak government helps pay USSK's retiree health and pension costs. Unions are virtually non-existent. And the firm may have gained market share illegally. USSK is being investigated by the European Commission for allegedly dumping hot-rolled coil at prices 30% below the domestic Slovak price in the first seven months of last year. "What we see in Europe is caused by what is happening in the United States," John Goodish, USSK's chief, recently told a Slovak business weekly. "I think it's retaliation against U.S. Steel...
...could shrivel. Yet in the twisted calculus of steel politics, the company lobbying hardest for tariffs, USX-U.S. Steel, also has a stake in cheap POSCO imports. USS-POSCO, a California-based joint venture between the firms, buys most of the Korean steelmaker's hot-rolled coil imports, which the venture uses to make other products sold in the U.S. A spokesman for U.S. Steel wouldn't comment on the joint venture's viability should tariffs be imposed. But, says POSCO's Lee Chun Hwan, "[The venture] might not be able to meet its obligations...
...have five days to spare? Doctors in the U.S. and Europe think they may be able to deliver all the radiation that's needed while a woman is still on the operating table. In an experiment conducted on 15 women in England, physicians inserted a tiny coil into the cavity created by the removal of a tumor. The bottom of the coil was shielded in lead to protect the heart and lungs, while the breast tissue was stretched around the coil. As the surgical team left the room to avoid exposure, the device delivered a full course of radiation treatment...
...breast is about the same as the risk of occurrence in the other, healthy breast. "When you realize this, you realize that many women probably don't need drastic treatment." says Dr. Jayant Vaidya, a breast surgeon at the University College London in England who helped develop the radiation coil...