KeeTac Attack!

U.S. Steel will hold a press conference Friday at 2 p.m. at the Keewatin City Hall. My sources tell me the company is announcing a major expansion and environmental upgrade at its Keewatin Taconite plant, something like 3.5 million tons of additional pellet production capability.

Yesterday, U.S. Steel announced that their Iron Range taconite production was up in the last quarter of 2007, but down slightly for the year. Last week, news reports detailed a fine against Keewatin Taconite for environmental violations. It would seem that U.S. Steel is making an aggressive move related to both stories.

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