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America's energy boom revives Ohio's steel industry

Marketplace -- Ohio's jobless rate is lower than the national average. Its manufacturing employment is trending up. What gives? Part of the story is booming domestic oil and gas drilling. Energy companies need steel pipe. So steel giants are investing an estimated billion dollars in mills in Youngstown, Lorain and Canton.

At the Timken steel company's Faircrest facility in Canton, vice president Tom Moline gazes proudly upon a big hole in the ground. "It will be the largest jumbo-bloomcaster in the world," he says.

Translation: "This machine is going to be a monster," Moline says. "It will be the tallest structure in Stark County when it's done. And I believe the depth of this pit is close to the average depth of Lake Erie."

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Submitted Oct 24, 2012 By: BurntOrange
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carranco
Champion Author Georgia

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Message Posted: Oct 25, 2012 8:44:53 PM
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Unleashing our energy will revive our economy. Ovomit couldn't grasp that and it did him in.
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wshutton
Champion Author Los Angeles

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Message Posted: Oct 25, 2012 12:31:43 PM
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Good.
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hotwire43
Sophomore Author Indiana

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Message Posted: Oct 24, 2012 8:36:53 PM
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This is good news to hear people are working instead of being unemployed.
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JCS319
Champion Author Tacoma

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Message Posted: Oct 24, 2012 8:34:03 PM
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Good news for Ohio - bad news for the Obama haters who can't stand to hear any good news for America.
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davenles
Champion Author Texas

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Message Posted: Oct 24, 2012 8:29:39 PM
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Glad they are getting jobs.
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DEG
Champion Author Las Vegas

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Message Posted: Oct 24, 2012 8:24:46 PM
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All the more reason to turn Obama out of office. Every action taken by Obama has hurt the oil industry on public lands. Fortunately there is plenty of oil off of governmentowned lands.
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southrob
Champion Author Tucson

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Message Posted: Oct 24, 2012 8:24:23 PM
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and we need to drill for the countrys sake
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carpenter4u
Champion Author Virginia

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Message Posted: Oct 24, 2012 8:19:47 PM
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Oil = Jobs
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f4driver
Champion Author Maine

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Message Posted: Oct 24, 2012 8:15:25 PM
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Right.
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AKmailman
Champion Author Alaska

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Message Posted: Oct 24, 2012 8:13:34 PM
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Then why is Timken stock down almost 9% this year ?
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jcallaw
All-Star Author Houston

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Message Posted: Oct 24, 2012 8:13:01 PM
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Steel Industry should welcome the news!
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IUVidiot
Champion Author Indiana

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Message Posted: Oct 24, 2012 8:12:40 PM
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great
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must87searcher
Champion Author Maryland

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Message Posted: Oct 24, 2012 8:12:08 PM
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This can be good for now, but later things may change.
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ExplorerWA
Champion Author Washington

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Message Posted: Oct 24, 2012 8:12:02 PM
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This is good news announced by Timken steel company.
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malfrog1
Champion Author South Bend

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Message Posted: Oct 24, 2012 8:10:35 PM
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won't be a long term thing
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PissedATthePump
All-Star Author Pennsylvania

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Message Posted: Oct 24, 2012 8:09:38 PM
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Large and very expensive industrial machinery. They didn't build that! (of course I wonder where it was actually built)
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ericbcire
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Message Posted: Oct 24, 2012 8:08:12 PM
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Good for them.
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Bobmilan
Champion Author Louisville

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Message Posted: Oct 24, 2012 8:06:31 PM
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Which is happening in spite of Obama admin efforts and could easily be stalled by proposed restrictions on fracking and drilling.

??? Vote for Obama???? PLEASE.

Elections have consequences.
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Mikeyl
Champion Author Cleveland

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Message Posted: Oct 24, 2012 8:06:24 PM
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Steel jobs are great... but I am a laid off teacher. How will that help me?
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hcivic
Champion Author Virginia

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Message Posted: Oct 24, 2012 8:03:33 PM
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good
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DrZNY
Champion Author Albany

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Message Posted: Oct 24, 2012 8:02:46 PM
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Which Obama helped by saving the U.S. car manufacturers. Vote for Obama!
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BBHybrid
Champion Author Pittsburgh

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not sure on that
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lowspeed
All-Star Author Akron

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Message Posted: Oct 24, 2012 7:56:43 PM
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good news
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WTLITNG
Champion Author Virginia

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Message Posted: Oct 24, 2012 7:55:53 PM
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See that hole? You didn't build that...
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WIWalt
Champion Author Wisconsin

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Message Posted: Oct 24, 2012 7:54:42 PM
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Good start
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megadiesellv
Champion Author Atlanta

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Message Posted: Oct 24, 2012 7:53:38 PM
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great to hear some good news, Obama built that LOL.
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AcuraTSX
Champion Author Ohio

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Message Posted: Oct 24, 2012 7:52:32 PM
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Lake Erie is a shallow lake.
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drz614
Champion Author Harrisburg

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Message Posted: Oct 24, 2012 7:50:01 PM
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i am glad for all the people getting jobs. i hope the local and state governments don't piss away any budget surpluses or at least reduce the tax rates. that way, even those not directly benefitting get some benefit.
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gobux10
Champion Author Ohio

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Message Posted: Oct 24, 2012 7:46:23 PM
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for a good foundation ? the depth of this pit is close to the average depth of Lake Erie."
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96sc1
Champion Author El Paso

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Message Posted: Oct 24, 2012 7:43:53 PM
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You mean in the White House, don't you?
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treeguy
Veteran Author Wisconsin

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Message Posted: Oct 24, 2012 7:43:02 PM
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The Idiot has been out of the White House for almost four years. I don't think he'd dare try to take credit for this.
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TheSnowstorm
Champion Author Montreal

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Message Posted: Oct 24, 2012 7:38:52 PM
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Good news for the steel industry which has seen a serious downturn over the last few years.
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FogCitySpotter
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Message Posted: Oct 24, 2012 7:34:37 PM
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Great news.
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PissedATthePump
All-Star Author Pennsylvania

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Message Posted: Oct 24, 2012 7:33:57 PM
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About time someone starts investing in American industry by specifying domestic steel for their projects.
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GoneUpAgain
Champion Author Atlanta

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Message Posted: Oct 24, 2012 7:33:39 PM
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I guess the idiot will get/take credit for this too.
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g747
Champion Author Mobile

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Message Posted: Oct 24, 2012 7:30:29 PM
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Good for that area.So let's take that nationally to bring down what we pay @ the pump;& across the board!!!!!!!!.
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rjoeh
Champion Author Michigan

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Message Posted: Oct 24, 2012 7:24:36 PM
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I'm happy for Ohio.... they have taken their share of hits in the last 4 years and its about time for a turnaround.
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DABEE1073
Champion Author San Diego

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Message Posted: Oct 24, 2012 7:21:52 PM
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IT IS ABOUT TIME THAT THEY ARE BRINGING BACK SOMETHING TO THE U.S.
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jdc17327
Champion Author Pennsylvania

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Message Posted: Oct 24, 2012 7:19:27 PM
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great!
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TDIdave
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Message Posted: Oct 24, 2012 7:16:59 PM
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Good for Obama! Glad he saved Detroit and pushed all forms of energy.
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yorkygurl2008
Veteran Author Indiana

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Message Posted: Oct 24, 2012 7:15:15 PM
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THINK SO
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swrestler
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Message Posted: Oct 24, 2012 7:13:09 PM
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No Big Deal The Republicans Have Big Oil In Their Back Pockets...
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NAVYHM
All-Star Author Cleveland

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Message Posted: Oct 24, 2012 7:13:03 PM
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THEY SENT THERE MANUFACTURING JOBS OVERSEAS FOR HIGHER PROFITS... ASK THE COMPANY V.P. ABOUT THAT??
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Rick52
Champion Author Milwaukee

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Message Posted: Oct 24, 2012 7:11:42 PM
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Good to hear...Let's get things going..
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jackster111
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nice
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MG_Sputnik
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Sounds like a plan.
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HawaiianGuy
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Message Posted: Oct 24, 2012 7:10:00 PM
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Thank you, Gov. John Kasich!
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raj_fl
Champion Author Trenton

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Message Posted: Oct 24, 2012 7:06:51 PM
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lets see
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NAVYHM
All-Star Author Cleveland

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Message Posted: Oct 24, 2012 7:06:06 PM
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THAT IS NOT EVEN CLOSE TOO THE REASON OHIO IS ON A COME BACK... TIMKEN INC. WAS PART OF THE DAMM PROBLEM IN CANTON, OHIO... SCREWED OVER A 1000 PEOPLE, LIKE NO BIG DEAL...
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raj_fl
Champion Author Trenton

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mmmm
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