US Steel Industry Set to Grow on the Back of the Shale Boom


Shale hydraulic fracturing in natural gas production and subsequent surplus in the United States has an oversupply of great prosperity. First industrial growth of shale is a direct result of prosperity, which led to the decline in natural gas prices as high as 50% in just two years time, "triggered the avalanche industry expansion plans" under the Barclays Pehlivanova and the king. Chemical and other industries. After years of decline in the cheap cost of natural gas chemical manufacturers will cut costs and become more profitable and competitive. LyondellBasell Industries NV shares increased by more than double, because bankruptcy as early as in 2010, which is just one of several chemical giant to invest billions of dollars in the development of the Gulf of Mexico around the plant, and take full advantage of the cheap gas. The benefit of the latest industry is the American steel industry, once a powerhouse in the U.S. economy; it has been working, because of the financial crisis in 2008 led to the collapse of commodity prices. However, cheap supply of natural gas is to attract investment to these once great industrial sectors.


<>US Steel Industry Set to Grow on the Back of the Shale Boom

bearing warehouse


 


PREVIOUS:Tata Steel zooms in on SMEs to power growth next fiscal        NEXT:Berlusconi slams "feminist" judges for huge divorce settlement

ADD:Room 1701,17/F,HENAN BUILDING,NO.90 JAFFE ROAD,WANCHAI HONGKONG
TANCHIN INTERNATIONAL INDUSTRIES Co.,Ltd


ADD:152 BEACH ROAD,#14-03,GATEWAY EAST, SINGAPORE 189721
TANCHIN INDUSTRIES PTE. Ltd

  • Exchange links