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Decision on V&M Star Steel project expected by March



Published: Wed, January 27, 2010 @ 11:12 a.m.

A decision on whether V&M Star Steel will expand in Youngstown is expected by the end of March.

Walter Good, vice president of economic development for the Youngstown/Warren Regional Chamber, said the company has indicated it will announce its decision by then.

He said chamber officials remain in dally contact with the maker of steel pipe as it considers whether to approve the $1 billion project next to its current mill on Martin Luther King Boulevard.

For the complete story, see Thursday’s Vindicator or www.vindy.com.


Comments

1Drepster(13 comments)posted 4 years, 6 months ago

Based on the costs of transportation ever increasing I would. These products overall value while made cheaper in these "other places" will be increased with fuel on it's non-stop rise. If successful OPEC and others trying to pry oil away from the dollar will cause oil to skyrocket. Your Hydrogen fueled Transatlantic Freighter just isn't anywhere in the picture at this time. Ship within the US by Rail/Truck to their plant in Texas or pay the balance of the labor savings in transportation by sea. Cheap dollar should allow global companies to operate on the cheap here like they've been doing for the past 40 years in other less stable areas. It also means we're probably also a less stable area by todays standard but we already get that. Basically if things balance out enough we'll be ok but as you mentioned the EPA and OSHA do create an unbalanced playing field that we refuse to write into all of our trade agreements which we would do if we were serious about the labor safety and environmentalism that we preach. To pass the buck for other countries to go ahead and create products in a manner inconsistent with our "principles" for us to consume while pointing the finger at them for being cheap wretches is twisted at best.

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21970mach1(1005 comments)posted 4 years, 6 months ago

It is great that Y-town officials have gotten everything in place in case the expansion does happen, BUT what if it doesn't?

Would have been smarter to get everything in place, secure the funding, and then not spend a penny of it until AFTER the company officially announces it will expand.

If co. does not expand, MILLION$$ will have been spent for no reason.

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