Now this article Don saw over at joannenove.com, link here, from August 21, 2019.
The chief executive of Australia’s largest steelmaker, BlueScope, says much cheaper energy in the United States is a major driver of the company’s preparedness to invest in a $1 billion expansion of its star performer, the North Star steel mill in Ohio.But look at this:
North America was providing far more growth opportunities than Australia, Mr Vassella said.
He said energy prices in the US were only a third of those in Australia and New Zealand, and that was a big plus, along with North Star’s proximity to customers and the strong market for steel products, which has benefited from trade sanctions that favour US steelmakers in supplying automotive companies and building products.
“It’s part of the package of a competitive business model,” he said. “We’re still paying too much for energy in Australia.”
...the $1 billion expansion of the North Star mill, to be fully up and running by 2023, was the largest capital investment the steelmaker would likely ever make…
While Mr Vassella renewed his criticism of Australia’s energy market, again joining the legion of key manufacturing bosses to condemn high domestic energy prices and call for a domestic gas reservation policy to drive down local power prices, he said energy prices did not play a role in BlueScope’s decision to expand its US presence.I had a bit of difficulty following Mr Vassella comments regarding energy prices ... but the bottom line is that the CEO of Australia's largest steelmaker we weren’t ever going to put another steel mill in Australia. And their $1 billion expansion will be in Ohio.
“Let’s be clear: we weren’t ever going to put another steel mill in Australia — it wasn’t an Australia versus the US decision, it’s probably more of a statement about how business-friendly it is in the US,” he said.
I assume both Bernie Sanders and Pocahontas will do what they can to stop this -- in the name of global warming. For those who missed it, both Crazy Bernie and Pocahontas have said "when" they are elected president, they will revoke the permits for both the Keystone XL and the DAPL.