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16.10.26 - 06:06
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Taiwan′s Chun Yuan Steel sees 4Q26 auto surge, expands into AI robotics (Digitimes)
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Chun Yuan Steel expects Taiwan's auto market to deliver its strongest quarter of 2026 in the final three months, lifting full-year new-vehicle sales to 430,000 units from 411,000 in 2025. The steel processor also anticipates fresh growth opportunities as Kuozui Motors begins exporting finished vehicles to Japan, potentially strengthening Taiwan's position in Toyota Motor's global production network....
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16.10.26 - 05:12
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California Erects First Steel Mill In Half-Century (ZeroHedge)
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California Erects First Steel Mill In Half-Century
Pacific Steel Group is building California's first new steel mill in more than 50 years, a Kern County rebar plant whose cost has grown by about $160 million since the project was announced.
Typical California steel mill The company broke ground on the Mojave Micro Mill in March 2025. The governor's office says Pacific Steel won a $30 million California Competes tax credit in 2024 in exchange for committing to more than $540 million in capital investment and nearly 450 new jobs in the mill's first five years of operation.
The same release puts total expected job creation at nearly 700, the figure American Greatness uses below.
As American Greatness notes further, local officials are sweetening the deal with a lucrative $3 million tax incentive that could reward the company with approximately $7,500 for every new job created.
Democrat Gov. Gavin Newsom's office released a statement saying, "This project will bring steel manufacturing...
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