At the Bangalore air show, we got a contract from Boeing for supplying structural components, and we are already supplying jet engine components to Rolls Royce. Both these are titanium-based, not steel components.
Sentiment: NEGATIVE
New synthetic substances - steel, concrete, glass - are actively superseding the traditional raw materials of construction.
You cannot make an aircraft without forged components.
In my own house, I rigged up a laboratory and studied chemistry in the evenings, determined that there should be nothing in the manufacture of steel that I would not know.
Each material has its specific characteristics which we must understand if we want to use it. This is no less true of steel and concrete.
The steel business is a local business. We do believe in the U.S. economy and would like to have a strong, balanced presence here.
We are not in the business of iron ore. Whatever captive iron ore sources we have, we use it to make steel.
Fundamentally, we have broken our aerospace business into three parts - large parts which go into the wings and fuselage, components for jet engines, and specialised structural components for landing gear.
You've got to have steel in you somewhere.
I'm basically all titanium.
Steel is needed everywhere.