Word: stainless
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Dates: during 1980-1989
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McGrath feared that LTV and Republic would dominate the market for sheet stainless steel and for hot-and cold-rolled carbon and alloy sheet steel, products used in automobiles, small appliances, ranges and refrigerators. Together, the companies would have become the largest domestic producer of those types of steel. In the area of stainless sheet, the new firm would have controlled almost half of U.S. production capacity. Said McGrath: "We concluded that the increased concentration would be unacceptably high...
Last summer it decontaminated the last of the nearly 1 million gal. of radioactive water that had spilled into the plant's reactor and other buildings. The water was passed through filters to remove radioactive material, which was then loaded into stainless-steel casks and trucked away for testing at an Energy Department facility near Richland, Wash. In August, the company plans to lift the cover off the Unit 2 reactor and remove the destroyed core and the remaining fuel rods. Once it has done that, it will be able to complete the process of decontaminating the reactor building...
...firm is constructing a winery and research center, a hotel, a restaurant, several boutiques, a church and homes for the workers. Projected total cost: $100 million. The result should be the most modern winemaking facility in Europe. No peasants crushing grapes with their feet here; everything will be stainless-steel modern. In addition, Villa Banfi has refurbished a 124-year-old winery and has begun cultivating grapes near the town of Novi Ligure in the Gavi district of Piedmont...
Specialty steels account for only 10% of American steel sales, but they are nonetheless the glamorous high-tech end of the business, the items that can produce big profits. Stainless steel, used for knives, forks and hundreds of other products, is one such metal. Jet-engine fan blades, nuclear-reactor control rods and orthopedic body implants are made of others. But just as the older American carbon-steel industry is being clobbered by competition from abroad, so too are specialty steels. As Wall Street Analyst Peter Anker put it, "No other country would permit the kind of intrusion in their...
...finished form is still a year away, but in his studio a half-size cardboard model made by Hadzi's assistant Romolo Deldeo '82 stands as a preview. Once again, three posts of different colored six-foot tall granite blocks act as a base for stainless steel units on top. With what Hadzi calls a "mysterious, mystical effect," water will come out the top, disappear into the stainless steel, and electrically recycle itself. The water never reaches the ground...