Slantsy gas gives impetus to the development of the metallurgical industry of the United States

Representatives of the North American steel industry met with the leadership of the consumer and industrial energy alliance. At the highest level, they discussed further prospects for the use of natural gas in the domestic steel industry. Recognizing that some facts about oil testify in her favor, the meeting participants paid more attention to shale gas.

Chris Masetsentoni, Deputy Chairman of the PA alliance and general manager for relations with the Government at the United States Steel Corp. Since 2010, said that the use of shale gas helps the development of the US metallurgical industry as a whole. He added that US Steel increased the number of employees to 5,600 people from 1,100 jobs in Pennsylvania.

Cheap gas helps reduce the cost of metallurgical production. And this contributes to new trends in the development of the pipeline sector. In turn, the reduction in costs will help increase the demand for pipe products of companies. Mr. Brett Smith Senior Director for Relations with state bodies from the American Institute of Iron and Steel, says that about 20 percent of the cost of the production of a ton of steel, are associated with energy costs.

Representatives of the steel industry noted that the company Marcellus Shale, supplying enterprises of Pennsylvania by shale gas, contributes to the revival of the region’s economy. United States Steel Corp also supports the opinion of the participants in the highest level that all areas of energy development that can significantly reduce the cost of steel production are very important for ensuring the viability of the industry.