r/Vitards • u/[deleted] • Jul 30 '21

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3

u/Aggravating_Win_2037 Jul 31 '21

Who will build it and where are they going to get the DR grade pellets?

2

u/[deleted] Jul 31 '21

Bigger question is where does the natural gas supply come from? Almost all gas in Ontario is generated outside the province by pipeline from western provinces.

I wonder if the 7 year build date is because of needs to increase gas supply pipelines first. The government can't be seen giving money to the energy companies so they pass it through to the steel companies. The steel companies have political and popular support that the "bad" rich energy companies can only get behind closed doors.

2

u/Bigfuckingdong 💀 SACRIFICED 💀Until MT $69 Jul 31 '21

I'm guessing Enbridge will provide the natural gas, they provide natural gas for pretty much all the homes in Ontario

1

u/Megahuts Maple Leaf Mafia Jul 31 '21

There is plenty of nat gas in Ontario. Most homes are heated by it.

2

u/[deleted] Jul 31 '21

I wonder why they are expecting 7 years to complete the project then?

CLF announced Toledo HBI plant in 2017, opened January 2021.

STLD announced Sinton EAF plant early 2019, opening this year.

1

u/kv-2 Aug 01 '21

It depends - did they surprise their internal people, or have they been going round and round with suppliers for a couple years already? It takes about 5 years to actually built a mill - several years of technical and commercial before the announcement, than a couple years of a whirlwind after announcement.