Shale gas technology boon to Steel industry

The Hydraulic fracturing of shale rock formations has boosted supplies of gas and sent prices plunging by as much as half in the past two years. The Hydraulic Fracturing technology has been there for last 30 years but for 29 years gas prices in the US were so high that the technology was not economical.
Gas futures reached a decade low of $1.91 per million British thermal units in April in New York trading. Though prices are up 75 per cent from their April low and will average $3.70 per

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