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Its biggest product, ferrous scrap, is suffering from weak basic steel demand, but as the economy improves Sims' stock will, too.
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The automaker still buys some basic steel from outside suppliers, but when it comes to complex curved body panels or important structural components, the company prefers to use its own steel.
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Corus said the investment would reduce C02 emissions by reusing gas generated inside the Basic Oxygen Steel (BOS) plant.
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Other competitors in the basic materials sector include: Steel Dynamics (STLD), AK Steel (AKS), and US Steel (X).
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This has led to increased use of coking coal in these countries, which is used for manufacturing steel, a basic building material.
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With space-frames, car makers can clip extruded tubes or sections made of steel or aluminium on to a basic floorpan.
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The architects animated a very basic arena form, covering it with rusted steel panels thousands of them, each one slightly different in size turning something ponderous, dynamic.
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Likewise, who would dominate the region's steel mills, especially in Luxembourg, which could provide a basic building block for mid-20th century military power?
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