21. The new mill will be run by Saudi Iron and Steel Company or Hadeed, a wholly-owned unit of Sabic. 22. The new mill will be half-owned by LTV Corp. of Cleveland, with the remaining half split evenly by Sumitomo Metal Industries and British Steel PLC. 23. The new mills rely on many fewer workers and a simpler production process than the old companies. 24. The move signals the beginning of consolidation in the steel industry as new mills boost U.S. supply, forcing steelmakers to trim costs to protect market share. 25. The new mill could have a formidable cost advantage. 26. The new mill will be supplied with old paper, including scrap boxes from K mart, which has signed an agreement with Weyerhaeuser to be a supplier. 27. The new mill will give Gerdau greater flexibility with customers, which the market is demanding, Dotta said. 28. This newfound efficiency and quality will have increasing importance in coming years as the new mills begin opening in this country. 29. Today, the restored tower is a symbol of survival and stability, standing as the centerpiece of a new mill building, which is now under construction. 30. Today, the restored tower is a symbol of survival and stability, standing as the centerpiece of a new mill under construction. |