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March
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Top StoriesFormer Securities and Exchange Chairman to Address AISI's 2007 General Meeting May 7Arthur Levitt, who served as the 25th chairman of the United States Securities and Exchange Commission (SEC), will deliver remarks on "Take on the Street: What Wall Street Knows that Main Street May Not" at AISI's 115th General Meeting, which will be held May 6-8 in Henderson, Nevada. Levitt will speak on May 7 at a joint general session of AISI and the Metals Service Center Institute (MSCI)the fourth year the groups are holding their Annual Meetings together. Arthur Levitt was first appointed by President Clinton in July 1993 as the SEC chairman and was then re-appointed to a second five-year term in May 1998. He has the unique distinction of being the longest serving chairman in the commission's history. In 2001, he joined the Carlyle Group, the private equity firm with nearly $50 billion in holdings, including John Maneely Company in the United States, recent acquirer of Sharon Tube, and other metals companies in Europe as senior advisor on the financial-service sector. Before joining the commission, Levitt owned Roll Call, a newspaper that covers Capitol Hill. From 1989 to 1993, he served as the chairman of the New York City Economic Development Corporation, and from 1978 to 1989 he was the chairman of the American Stock Exchange. Before that, he worked for 16 years on Wall Street. He graduated Phi Beta Kappa from Williams College in 1952 before serving for two years in the Air Force. With the theme, SteelIn Front of the CurveDoing It Right, this premier meeting of steel producers, suppliers and service centers provides a forum for the industry to discuss issues affecting the competitiveness of North American manufacturing. Several steel industry chief executives will examine major trends shaping the future of the global steel industry in a joint session (May 7) that will be moderated by John E. Lichtenstein, a partner at Accenture. Speakers include: James Bouchard, Esmark; Daniel R. DiMicco, Nucor Corporation; Michael H. Hoffman, Macsteel Service Centers USA; Louis L. Schorsch, Arcelor Mittal; Michael Siegal, Olympic Steel; and John P. Surma, United States Steel Corporation. Ed Gillespie, former chairman of the Republican National Committee and Terry McAuliffe, former chairman of the Democratic National Committee will provide an up-close-and-personal look at the rapidly approaching presidential race and key issues for the 2008 elections on May 7 in a joint session. Peter Navarro, a business professor at the University of California-Irvine and author of The China Wars: Where They Will be Fought, How They Can be Won, and The Well-Timed Strategy: Managing the Business Cycle for Competitive Advantage, will deliver a provocative "wake up call" on how China's mercantilist strategies need to be addressed by our policy makers. On Tuesday, May 8, Erik Peterson, senior vice president, of The Center for Strategic and International Studies and director, the Seven Revolutions, will speak on "The Seven Futures." The AISI 2007 General
Meeting's general sessions will begin at 8:00 am on Monday, May 7, at
The Ritz-Carlton, Lake Las Vegas, in Henderson, Nevada. All joint general
sessions are open to the media. AISI will hold a media briefing from 11:30
am to 12:00 pm at The Ritz-Carlton on May 7. For more information, contact
Maureen Iselin. Steel Industry's Clean Little Secret Launches Second Year of New Steel Campaign
With climate change policy a "hot" topic on Capitol Hill, AISI has kicked off the second year of its New Steel Campaign with its Clean Little Secret ad. The ad highlights the fact that steel is the most recycled material on the planet, and that America's steel industry has already reduced emissions to levels well below Kyoto standards. "The educational
campaign was launched in May 2006 as America's steel industry recognized
a need to inform policymakers of the advanced technologies and reduced
environmental footprint that characterize today's globally-competitive
industry," AISI President and CEO Andrew G. Sharkey, III, explained.
"An underlying message of the campaign," Sharkey said, "is
this: given equal opportunity to compete, America's steel industry can
take on any steel sector in the world. But that requires other nations
to abide by the same set of environmental rules. A premise of the campaign
is that as policymakers understand the modern profile of America's steel
industry, they can better shape sound public policy that recognizes steel
as a strategic industry to America's national and economic security."
AISI Annual Report Captures North American Steel Industry's Competitive Spirit, Perseverance and Strategic Drive in Succeeding GloballyAISI released its 2006 Annual Report, "SteelIn Front of the CurveDoing it Right," at its February Board of Directors Meeting, held in Washington, D.C. "The Annual Report reminds stakeholders and key opinion leaders what it has meant for the North American steel industry to be a world-class competitor," Andrew G. Sharkey, III, president and CEO of AISI said. "The North American steel industry is regarded as a strategic industry, one that promotes competitiveness and productivity on a level playing fieldwhere there truly is an equal opportunity to compete."
"Our industry is the backbone of American manufacturingand makes many of the products vital to our nation's military and homeland security," said Sharkey. "Through disciplined investment, continuous development and adoption of new technologies and a commitment to sustainability this industry has proven itself as a top competitor on the global playing field. It is the vanguard of manufacturingessential to the automotive, construction and defense industries." "With the industry going into its fourth year of strong performance, we have a compelling story to tell, but one that is not well understood by political decision makers and opinion leaders," Lou Schorsch, AISI chairman and chief executive, flat products Americas, Arcelor Mittal, and Andy Sharkey noted in their Message to stakeholders. The 2006 Annual Report highlights both the industry and Institute accomplishments and initiatives, including The New Steel Campaign, which was launched in May 2006 to align industry perceptions of key decision makers with the new, progressive North American steel industry. The report also details out aspects of the Institute's public policy agenda to promote competitive issues of common concern to U.S. manufacturers, on keeping strong on trade issues and on its progressive environmental priorities. One "takeaway" from the report is that AISI and the North American steel industry operate "in front of the curve" through initiatives focused on meeting the needs of future generations, including efforts in research and development, building the workforce of the future, and in working in partnerships to provide steel-based solutions to society's changing demands. The report's sub-theme is focused on the industry's record of "doing it right" on several fronts, including in its leadership role in environmental stewardship through the Asia Pacific Partnership and other initiatives, development of new, breakthrough technologies that will improve product and process performance while reducing energy consumption and CO2 emissions, and its ongoing investment in growing the markets for steel. For more information or to obtain copy of the AISI 2006 Annual Report, please contact AISI at 202.452.7115. Visit the AISI Web site at www.steel.org. AISI Joins ProtectingAmerica.orgAISI has joined ProtectingAmerica.org and teamed up with first responders, disaster recovery experts, insurers and small and large businesses in calling for better ways to prepare and protect American families from natural catastrophes. "The importance of modernized structures, especially homes, can not be understated. Hurricane Katrina left behind 140,000 uninhabitable housing units, a number that could have been greatly reduced with strict building codes and advanced building practices," said Andrew G. Sharkey, III, president and CEO of AISI. "Our goal is to ensure that homes, offices, bridges, utility poles and other structures are not only rebuilt, but rebuilt stronger. With enough effort and the help of organizations like ProtectingAmerica.org, we can ensure that unsafe bridges and blue tarp communities are images of the past."
ProtectingAmerica.org was formed in 2005 to lead a concentrated effort to improve the way America prepares for and protects its families, communities, consumers and economy from catastrophe. It has a mission to minimize the impact of a catastrophe through better building codes, expanded disaster preparedness education and reliable funding. "When Hurricane Katrina devastated the Gulf Coast, the American Iron and Steel Institute was a leader in deploying resources to implement enabling technologies for surviving future storms. Such forward-looking and preventive programs are the epitome of ProtectingAmerica.org's comprehensive solution to prepare and protect America before catastrophe strikes," said ProtectingAmerica.org co-chair and former FEMA Director James Lee Witt. ProtectingAmerica.org supports legislation on the state and federal levels that furthers these efforts and also establishes a financial backstop to help make insurance more affordable and available for consumers. It currently consists of more than 125 member organizations including emergency management officials, first responders, disaster relief experts, large and small businesses, nonprofit organizations and insurers. For more information, contact Liz Vago.
Under Secretary for International Trade Speaks to AISI Board of DirectorsFrank Lavin, undersecretary for international trade at the International Trade Administration (ITA), spoke at AISI's Board of Directors Meeting on February 7. In his address to the Board, Lavin focused on World Trade Organization (WTO) subsidies cases, in particular, on China. Lavin highlighted the fact that the Chinese government is providing subsidies to its steel industry, which violates World Trade Organization (WTO) rules. This fuels an excessive expansion of that sector, negatively affecting the North American steel industry. "We have tried to secure China's compliance with its WTO obligations to eliminate these prohibited subsidies. This has not produced the results we desire," Lavin said. "Therefore, the Bush administration has filed a case with the WTO . . . If the results we desire are not forthcoming, we will move to a panel and formal adjudication." In his concluding remarks, Lavin praised the steel industry for making tremendous strides in productivity, reformulating products and re-engineering steel companies. He went on to explain that as challenges face the industry, ITA will be there to help the industry by "enhancing the environment for American companies on the global stage." Lavin was sworn in as the nation's tenth under secretary for international trade on November 2, 2005. As Under Secretary, Lavin oversees the ITA, an agency responsible for developing U.S. trade policy, identifying and resolving market access issues, administering U.S. trade laws, enhancing the global competitiveness of the U.S. manufacturing and services sectors and coordinating U.S. trade advocacy efforts on behalf of U.S. business. For more information, contact Barry Solarz. AISI Appoints Barry Solarz Senior Vice President, Trade and Economic PolicyThis January, AISI promoted Barry Solarz to senior vice president of trade and economic policy. Previously, he was vice president of trade and economic policy. "This promotion, which coincides with 25 years of service to AISI, is recognition of Barry's tireless and aggressive efforts to advance the interests of AISI's North American members in the trade arena," Andrew G. Sharkey, III, president and CEO of AISI said. "Barry is widely respected in the U.S. and North America and among members of the International Iron and Steel Institute (IISI) for his knowledge of the key trade and economic policy issues impacting the steel industry. The industry highly values his expertise in this critical area of public policy." Solarz joined AISI
in January 1982. Prior to that, he worked as an international economist
at the U.S. Department of Labor's Bureau of International Labor Affairs'
Office of Trade Policy, and as a political/economic risk analyst at the
Brookings Institution for Mr. Helmut Sonnenfeldt, former Political Counselor
at the U.S. State Department. Solarz is a graduate of the University of California, and has masters' degrees from the University of Wisconsin and the Johns Hopkins School for Advanced International Studies (SAIS). He has studied for a year each at the University of Lund, Sweden and the SAIS Bologna Center in Bologna, Italy. For more information, contact Nancy Gravatt. The Capitol LineAISI Gears Up for 110th Congress; Capitol Hill Buzzes with Fresh Faces and New Policy PrioritiesThe first session of the 110th Congress kicked off on January 4, 2007 with one of the largest classes of new members in recent years and the establishment of a newly minted Democratic majority. Democrats used their first "100 hours" in office to push through an agenda of campaign-related promises, including a minimum-wage increase, implementation of several 9/11 Commission recommendations, student-loan interest rate reductions, energy tax-breaks for the pursuit and use of renewable fuels, prescription drug price negotiation and expanded funding for stem-cell research projects. A bipartisan package was also forged to address Congressional ethics, lobbying reform, and the disclosure of earmarks, gifts and member travel. In addition, the issue of climate change and rising greenhouse gas emissions (GHGs) played a prominent role during January, with much media coverage given to several Congressional hearings and press conferences on the matter. AISI supports several
trade bills that were introduced during the first month to address the
critical issues of trade reform, domestic competitiveness and foreign-currency
misalignment. These include: The "Strengthening America's Trade Laws
Act" (S. 364), introduced by Sen. Jay Rockefeller (D-WV)*, the "Trade
Law Reform Act" (H.R.708), introduced by Rep. Phil English (R-PA)*,
and the "Fair Currency Act" (H.R. 782), introduced by Rep.'s
Tim Ryan (D-OH)* and Duncan Hunter (R-CA). To view Congressional legislation of interest to the steel industry please
visit * Denotes Steel Caucus Member AISI Holds Congressional Steel Caucus "Meet and Greet" Event on Capitol HillOn February 8, in coordination with the AISI Board of Directors Meeting, the Institute hosted an official "Meet and Greet" session on Capitol Hill with members of the Congressional Steel Caucus. This very successful event featured member company executives, other industry leaders, more than 25 Members of Congress and nearly 40 staffers. In addition, Senate Steel Caucus Co-Chairman Sen. Arlen Specter (R-PA)* offered opening remarks and emphasized the importance of a vibrant domestic steel industry. This event was not only an excellent opportunity for AISI and member company executives to connect and interact with their elected officials, but it also provided a forum for new members of the caucus to meet and engage longtime "steel" champions such as Rep. Pete Visclosky (D-IN)*, Rep. Phil English (R-PA)* and Rep. Jim Oberstar (D-MN)*, amongst others. In addition, AISI took time at the event to thank all those Congressional Steel Caucus members and staff who continue to support and advocate on behalf of the industry. Upcoming events of interest: AISI is currently helping House Steel Caucus Chairman Pete Visclosky (D-IN)* coordinate a briefing on the industry's growing concerns regarding China's excessive expansion and subsidization of its steel sector (March). A Congressional Steel Caucus briefing is also slated to highlight the North American steel industry's progress in environmental performance (late-April). Panelists for this event will include representatives from AISI, member companies, the Steel Recycling Institute (SRI) and others. More information these events will follow in the next few weeks. Stay tuned! * Denotes Steel
Caucus Member AISI Finishes #3 Overall in "Policy Council" Year-End RankingsThe National Journal's "Policy Council" released its final membership performance results for 2006 and AISI finished the year as the #3 overall ranked site out of 91 total members. More importantly, AISI was the highest ranked association on the list, surpassing such groups as the National Association of Home Builders, the American Council of Life Insurers, the American Chemistry Council, American Association of Retired Persons and many others. The interactive company facility map continues to drive traffic to the site, as does the Congressional Steel Caucus section and trade policy issue pages. In 2006 alone AISI's micro-site received roughly 4,119 individual Web-visits, 57,082 impressions and 222,785 page views. The National Journal's "Policy Council" is an innovative, Web-based research tool that provides Congressional staff and Capitol Hill reporters with timely information, updates and position papers on current policy issues. To view the Policy
Council's 2006 "usage report" please visit the Key Articles
section of AISI's
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AREA
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AISI
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STAFF
PHONE
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E-MAIL
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| Trade
& Economic Policy |
Barry
Solarz |
202.452.7139 |
bsolarz@steel.org |
| Energy
& Environment |
Jim
Schultz |
202.452.7180 |
jschultz@steel.org |
| Recycling
& Market Development |
Chip
Foley |
202.452.7177 |
wjfoley@steel.org |
| Government Relations |
Jennifer Diggins Matthew Davison |
202.452.7214 202.452.7133 |
AISI and Wegmans Food Markets presented a $10,000 check to the Maryland Food Bank in January as part of a program, called "Together We Can," to make sure nutritious, canned food is available to those in need of a healthy meal. The program also promotes the safety, convenience and nutritional benefits of canned foods in Wegmans grocery stores.
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We're excited about the opportunity to work with Wegmans to make sure consumers know that canned food is more than just a convenient option. Rich Tavoletti |
The "Together We Can" program ran from January 14-27 in more than 70 Wegmans in New Jersey, New York, Maryland, Pennsylvania and Virginia. Customers in about 60 of the Wegmans were offered smoothies made with canned fruit and were provided with information about fun, interesting ways to prepare canned food meals.
"We're excited about the opportunity to work with Wegmans to make sure consumers know that canned food is more than just a convenient option. We want to show consumers how to use canned food to prepare nutritious, flavorful meals," said Rich Tavoletti, director of the container market program for AISI and executive director of the Canned Food Alliance (CFA). "We're also happy to be able to make a donation to the Maryland Food Bank, to make sure nutritious canned food is available to those in need of a healthy meal."
AISI and Wegmans' participation in this program is also benefiting the hungry, by way of this donation to the food bank. The Maryland Food Bank collects, purchases and stores food and distributes it to nonprofit community food providers that provide free food to the hungry. Each week, the Maryland Food Bank provides the food for over 50,000 Marylanders who would otherwise go hungry or not eat enough. For more information, contact Rich Tavoletti.
Members of the Committee
on Manufacturing Technology met in Pittsburgh February 16 to discuss building
a Paired Straight Hearth Furnace (PSH) demonstration project in the United
States. The PSH is a high-productivity, low fuel rate furnace that can
produce DRI from ore fines and waste oxides. It is based on the principles
of a deep bed of pellets, as shown in the diagram below. The PSH was proven
at the pilot scale at McMaster University in Ontario, Canada and at a
steel plant in Italy as part of AISI's Technology Roadmap Program. In
addition to producing low-cost DRI as a stand alone unit, the PSH, when
coupled with and smelter vessel, substantially increases the productivity
of the smelter to the point the combines technologies can be considered
a viable successor to the blast furnace/coke oven combination. AISI Member
Companies will have the opportunity to participate in the PSH demonstration
projectstay tuned for details!
The Task Force on Emerging Ironmaking Technology departed February 22 for a visit to the HIsmelt plant in Kwinana, Western Australia [pictured below], where they will tour and have technical meetings with plant personnel about the operation of the breakthrough ironmaking technology. The team has already has technical exchanges with alternate ironmaking technologies in Europe and the U.S. and hopes to visit Korea and the Finex plant before penning their final report which will be available to all AISI members.
The Gulf Coast Steel Initiative (GCSI) has recently established a Builder Cooperative Agreement, the initiation of training programs at several community colleges and initiatives with both the insurance industry and building codes in order to advance performance criteria.
GCSI is also donating steel framing for the "Miracle Mansion," a home that is being built and donated to raise funds for Our Lady of the Lake Children's Hospital in Baton Rouge, Louisiana. The steel framing for this project has just been completed and an intensive promotion/fundraising campaign will be held in March, culminating in June with a live, one-air drawing for the winner of the home. As a result of this project, the builder of this house now plans to convert his future projects to steel.
Steel framing was also featured at the Housing Solutions Summit, a conference sponsored by the New Orleans Home Builder Association and the City of New Orleans. In the heart of the convention center, more than 14 steel framing providers exhibited in an area dubbed "Steel Central," which included a 600 square foot steel framed structure. Additionally, Housing and Urban Development (HUD) is currently planning to build two concept homes in New Orleans that will demonstrate technologies that they advocate builders' use along the Gulf Coast. Both concept homes will feature steel framing as the structural system.
After significant dlays in the region, 2007 is expected to be a significant period for rebuilding throughout the region and the GCSI program is currently looking at ways that it can continue to help in these efforts. For example, GCSI will continue training at the community college level in 2007 in order to support work force development for both framing and roofing. Insurance industry and building code officials will be engaged in order to continue the development and recognition of improved construction criteria. The program will also continue to aggressively engage the homebuilders and roofing contractors in development of strong business models to support long-term growth in the region. For more information, contact Larry Williams.
The Steel Recycling Institute (SRI) has been selected to participate, along with 44 other interested parties, in Wal-Mart's effort to develop sustainable guidelines for their buyers. The goal of this effort is to improve the environment by providing Wal-Mart's customers with products and packaging that meet these guidelines.
Participants include non-government organizations, government organizations, academia, packaging organizations, and material organizations. Individual corporations and consultants are specifically excluded.
| Although the Renew category was created for forest products, we have communicated to Wal-Mart that steel does not have to be renewed, as it never dies but is somewhat reincarnated through the recycling process. |
The first order of business of this effort was to develop individual material briefing sheets highlighting the materials' "Five R's," Reduce, Reuse, Recycle, Renew, and Revenue. Steel (the material) as part of a variety of products sold by Wal-Mart, and steel packaging (cans and containers) are uniquely suited for this evaluation.
Looking at each "R" individually, steel's mass reductions available to its customers fulfill the Reduce category and the durability of steel (i.e., paper clips or coffee cans used at storage containers) fulfills the Reuse category. Steel (the material) and steel cans are America's most recycled material and food and beverage package, respectively and thus fulfill the Recycling category and position steel ahead of all other materials. When looking at Revenue, steel's economics play well in this category in providing a low cost alternative to other materials. Although the Renew category was created for forest products, we have communicated to Wal-Mart that steel does not have to be renewed, as it never dies but is somewhat reincarnated through the recycling process. These developed material briefs are currently being reviewed by the SVN Committee, but SRI is confident that steel will be well represented in this environmental report card.
This is all part of
Wal-Mart Chairman Lee Scott's effort to position his company as a leader
in sustainable development in the 21st Century. For more information,
contact Bill Heenan.
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USS New York It was built with 24 tons of scrap steel from the World Trade Center. It is the fifth in a new class of warship - designed for missions that include special operations against terrorists. It will carry a crew of 360 sailors and 700 combat-ready Marines to be delivered ashore by helicopters and assault craft. Steel from
the World Trade Center was melted down in a foundry in Amite, LA
to cast the ship's bow section. When it was poured into the molds
< /I>on Sept. 9, 2003, "those big rough steelworkers
treated Junior Chavers, foundry operations manager, said that when the trade center steel first arrived, he touched it with his hand and the "hair on my neck stood up." It had a big meaning to it for all of us," he said. "They knocked us down. They can't keep us down. We're going to be back."
The ship's motto? Posted on the Web by b4its2late 02/07/07. |
In January, AISI, in partnership with the Steel Manufacturers Association (SMA), Specialty Steel Industry of North America (SSINA) and United Steelworkers (USW), issued a report urging for public policies that promote further investment in domestic manufacturing rather than increasing reliance on foreign sources of steel and steel-related products.
The report, "Steel and the National Defense," states that the U.S. steel industry's ability to supply the defense establishment will depend on our ability to compete in our commercial markets and maintain an onshore manufacturing presence. It highlights the increased need for steel to improve our major military platforms, strengthen its industrial base and harden our vital homeland security infrastructure. "Steel and the National Defense" also details out how all segments of the domestic steel industry contribute directly or indirectly to the defense industrial base. From missiles, jet aircraft, submarines and Humvees, domestic and specialty metals play an important, direct role in the strength of the U.S. military.
The report was distribution to policy makers, members of the media and industry representatives. To download the complete copy of "Steel and the National Defense" visit www.steel.org. For more information, contact Matt Davison.
On February 15, 2007, The Metals Initiative (TMI) team made a presentation to more than 90 building owners and facility managers at the Kansas City chapter of BOMA, the best yet for a TMI meeting with a local BOMA chapter. One of the most effective ways to reach building owners is through meetings with local chapters of the Building Owners and Managers Association (BOMA), which has more than 19,000 members who own or manage commercial properties in North America and abroad.
| With projections for the nonresidential construction market to grow in 2007, AISIas a founding member of The Metal Initiative, or TMIis making sure that building owners are directly hearing about the benefits that steel can bring to their new construction projects. |
Butler Manufacturing's Ray Heisey, a TMI member who handled the meeting, reported that the owners expressed a great deal of interest in cool metal roofing, with several attendees admitting that before the presentation they had been unaware of the potential benefits of metal roofs.
The U.S. Department of Commerce reports that in 2005 (the most recent data available), nonresidential construction accounted for 25% of spending for the $1.12 trillion construction market. With projections for the nonresidential construction market to grow in 2007, AISIas a founding member of The Metal Initiativeis making sure that building owners are directly hearing about the benefits that steel can bring to their new construction projects.
TMI's strategy is to meet directly with building owners, architects and contractors for commercial, industrial and institutional buildings to talk face-to-face about the advantages of metal roofs and wall panels. These are "heavy hitter" customers like Home Depot,WalMart Stores, Inc., and Microsoft.
The timing for the BOMA meeting was perfect, as Kansas City officials recently committed themselves to take an active role in the fight against global warming. The city has formed a Climate Protection Plan Steering Committee, and TMI is exploring the possibility of meeting with this committee to further discuss the "green" benefits of steel.
For more information on TMI, contact Dan Snyder or visit www.themetalinitiative.com.
AISI and the Association for Iron & Steel Technology Foundation (AIST Foundation) has announced its call for proposals for the 2007 academic year's Design Grant Program. The Design Grant Program challenges North American university teams (students and professors) to submit proposals for grant funding in the theme area selected by the steel industry. The theme for 2007 is "Application of state-of-the-world modeling techniques to steel processes."
"We are excited for the 2007 Design Grant Program," Andrew G. Sharkey III, AISI president and CEO, said. "This program is allowing the North American steel industry to cultivate the next generation of metallurgists."
FeMET is focused on getting more students to choose metallurgy or materials science as their field of study and on recruiting more of such graduates into the steel industry. It is also aimed at increasing the number of professors who knowledgeable in steel in North American universities.
The submitted proposals should indicate how each team of professors and undergraduate students will approach the problem, including budget and schedule requirements. The maximum allowable time for the project is one year, beginning in the fall of 2007. The number of awards granted depends on the funds availability; the maximum grant per award will be $50,000. Instructions for applying can be found on the AISI and AIST Foundation Web sites, www.steel.org and www.aist.org. For more information, contact BV Lakshminarayana.
Scholarship Update:
In December, AISI and the AIST Foundation announced that applications for the third year of FeMET Scholarships are being accepted through March 2, 2007. Each scholarship includes $5,000 for the scholar's junior year, a paid summer internship with a North American steel company between his/her junior and senior year, and an additional $5,000 toward his/her senior year tuition.
"2005 and 2006 have proven to be a great success for FeMET, as we awarded 20 scholarships to deserving students across North America," Andrew G. Sharkey said. "The first class of 10 scholars has already completed successful summer internships in steel plants across North America. These students graduate in a few months and are ready to pursue employment in the steel industry."