Wednesday, May 14, 2008

Steel Forging Ahead... Steel rails that is?

JasonT caught something worth noting. Transrapid, which is the company whose technology was long going to be used for the ethereal Pittsburgh MagLev has decided to dissolve itself. What that means here I dunno, I have not talked to anyone working on our Maglev project in many years now. As of earlier this month, Grata was reporting on Transrapid as still being in the mix.

via SteelStripWorld is a pointer to this article in the Chicago Tribune on the state of the Steel Industry: In hard times, steel firms forge ahead.

This kind of thing used to be news here? The share price of US Steel has gone from under $10 to over $170 in the last 5 years.


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