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Gas Boom Has Youngstown Making Steel Again

Thirty-four years after Black Monday, the day Youngstown Sheet & Tube announced shutdowns marking the end of the Ohio city’s steel era, a $650 million mill is coming to life thanks to the natural-gas drilling boom.

The factory for Vallourec SA (VK)’s V&M Star will have 350 workers and produce seamless pipes used in hydraulic fracturing, also known as fracking.

Source: Bloomberg

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