. >> china's steel mills are operating at full capacity. demand remains high, but that has not been the case here in europe for several decades. >> that has forced steel plants to rethink how they operate and what they produce. here's an example from the german city of hamburg. >> with the move of joystick, scrap metal was dumped into the furnace to be melted down. that happens once every hour. for years, steele was in high demand across the eu, especially for the then-booming construction industry. >> construction declined drastically due to the financial crisis. construction volume in spain, for instance, collapsed to 20% of what it had been. 80% of that business vanished and no longer needs steel, but of course, the production capacity remains. >> he's trying to avoid cutting his plant's capacity, searching for new markets and said, looking away from its primary product, high carbon steel, to focus on higher value new alloys. to do that, the company recently invested in a new furnace, which is due to go into operation before the end of t

mills will be online this is going to produce about twenty four percent more steel them we've got a moment now the building boom that we're perhaps anticipating here would need to be starting now in order to take up all of the slack it's only four years away so what's going to happen in the meantime all of these extra mills are going to be sitting there producing steel which nobody wants so what's going to happen is they going to be idle or they're going to retire old steel mills right but it seems like the impact of that oversupply is affecting europe the most the french government is threatening to nationalize this four hundred million euro steel plant in the east of the country unless it's owner locks we need to sell it basically it seems that changes in the sector of inevitable and actually an analyst i talked to earlier in the day says it's not such a bad thing. the. sort of thing to balance the market and to bring supply demand bills to equilibrium and to support prices so a lot of ground definitely years of going to market them to support prices above what we call supply resp

positives to this to the steel crisis see what perhaps in pure economic terms you are correct the steel industry could emerge leaner and meaner from the crisis but there is going to be potentially a heavy social cost to cutely in europe where the old mills there's no tainted now even if you agree with margaret thatcher's theory that no country should subsidise profitable industries for too long a period this is really on to the question of how you manage that transition how you manage the restructuring and how you kind of leave you the problems for the workers to clean the ones in europe. well and basically it sounds like that's saddening insult to injury all these austerity measures are already hitting the european workers pretty hard neck full of a point from the business desk thanks a lot. and let's quickly run through the market currencies first the ruble finished the week lower to the currency basket as the dollar was losing to the euro about softer in the u.s. consumer spending and expectedly declined in october. now on to the equity markets on wall street they are lower this frid

during a lunch break, steele extracted a plastic shank from his anal cavity. when he returned to the courtroom, he attacked chief deputy district attorney a.j. salazar. >> i remember i was wearing a white shirt, my tie was off to the side, and i looked and there was a hole in my shirt and i was bleeding. >> the stab wound, itself, was not considered serious. the bigger problem was the risk of infection. >> i went to the hospital, i was at the emergency room, i went through a series of shots, they cleaned out the wound. it took several blood tests and i remember picking up the blood result and looked and looked for hiv. and hepatitis negative, hiv negative. so i was like, well, all right, i'll go ahead and take that. >> we asked steele for his version of the story. and in spite of all of the witnesses, he claimed absolute innocence. >> they're saying i stabbed him in court in front of judge, jury, and executioner. >> what are you saying? >> i'm saying i had nothing to do with it. >> were you there? >> nope. >> really? >> how many different ways you want me to a

the bridge is supported by a steel structure encased in reinforcing layers of concrete. and as the fire radiates intense heat, the concrete begins to break down and melt. >> it was splattering kind of like a grease fire. actually concrete breaking loose and liquefying at a boiling point which is also dangerous in that area. >> then you just had the steel beams exposed. the unexposed steel beams on the bottom side of the bridge were actually taking the majority, taking the brunt of the heat. >> and firefighters are aware that the steel beams holding up the bridge can't take this kind of punishment for long. >> knowing that gasoline burns at about 1807 dk /* degrees and steel support would resist up to 1,000 degrees we did expect it to collapse at some point in time. >> but the question remains, what exactly will happen when the bridge comes down? >> the gasoline tanker is very unstable, because we didn't know how it was going to react. >> firefighters continue to pour water on the inferno in a vain attempt to get the flames under control. but after 40 minutes of relentles

nippon steel and sumitomo metal merged in october. another maker, kobe steel, swung into the red. corporate executives say demand for steel remains weak in the midst of the global economic slowdown. they predict that supply is likely to remain excessive for some time. >>> china's industrial production and sales picked up in october. the latest data appeared to show that the country's economy has started getting traction again. china's national bureau of statistics says industrial output climbed over 9% last month from a year earlier. it was the second straight month of gains. the pace of growth was 0.4% faster than in september. meanwhile, retail sales were up more than 14%. the increase was 0.3% more than in the previous month. earlier in the day, china announced that the consumer price index, or cpi, rose 1.7% from a year earlier. that's the slowest pace since january 2010. officials say the small increase is due to moderate gains and food prices. the latest data come out one day after people's bank of china governor noted that some recent economic data were starting to show sig

the steel mills closed. i don't want to see that happen to fairfax county. we want to diversify our economy and be less dependent on government contracting in the long run. >> reporter: peggy fox, 9 news now. >>> a passenger's erratic behavior causes a united flight bound for dulles to make an emergency landing. that flight coming from denver had to land 13 minutes earlier last night. we talked with one passenger who was sitting a row from the apparently disturbed traveler. >> he all of a sudden stood up and said to the man next to him i need to get out and he got out and he just kind of like collapsed face down on the floor and he stood up after a couple minutes and got back in his seat and then he did this every two or three minutes about four or five more times. flight attendants were asking him if he wanted water or some soda d and he said no, i'm praying. there were times where he started crying uncontrollably on the floor. then he started kind of like swinging and it turned into a physical fight. >> as you can imagine, that made everybody nervous. pass

under the new method, steel plates are placed around the foundation of a house. when liquefaction occurs after an earthquake, soil under the house loses strength and starts to sink. but when steel plates are used, the liquefied soil stay in place as it can't go anywhere else. therefore, the house remains upright. the experiment was conducted in scuba city northeast of tokyo. two model homes were built on a platform that could simulate earthquakes. the house on the left was reinforced by steel plates. both houses were built on saturated soil. they were shaken for one minute. about 20 seconds later, water began seeping from the ground. the house on the right began to tilt and eventually sank 20 centimeters. the house with the steel plates was flooded but stayed upright. >> translator: i think this is one of the many effective methods that have recently been developed. >> the land ministry says about 27,000 houses suffered liquefaction damage in tokyo and eight other prefectures after last year's earthquake. >>> american voters may be worrying about the weather on e

the concrete doesn't require much space between the floors as a steel building does.could be cheaper. yes, more space, less money, great idea. ♪ ♪ >> we know that right now there are things happening in power, with sewer, with water that are not always proven technologies, but they're things that are enough proven you should take a bit of a risk and you should show others it can be done. >> we're showing the world, suddenly had wind turbines which they didn't have before. so, our team realizing that time would change, and realizing where the opportunities were today, we said, you know what, we started out as really something to control wind as an asset, when you combine today's technology becomes something entirely different. >> wind turbines in an urban environment is a relatively new concept. there are a few buildings in other major cities where they have installed wind turbines on the roof. and wind turbines in buildings are effective. >> the discussion was do we do that or not? and the answer was, of course. if they're not perfect yet, they're building a building

anyplace poen steel and sumitomo metal merged.orporate executives say demand for steel remains weak in the midst of the global economic slowdown. they predict supply is likely to remain excessive for some time. >>> taking a look at the markets. european shares have started trading in negative territory. investors are nervous about u.s. fiscal problems and a bailout for greece. >>> here is a look at how they stand now. london's shares down by almost half of 1%. frankfurt, the dax down by a percent. the cac 40 in paris declining by about .25%. earlier in the day most asian stocks meanwhile closed lower. in tokyo the nikkei average ended a three-week low falling nearly 1%. australian shares shed about a half percent. in main land china, the shanghai edged down 0.1%. the downside was supported by the news on china's relatively stable cpi. the yen is trading higher against the dollar and the euro due to concerns about u.s. budget issues and uncertainties over fresh assistance for greece. the dollar now changing hands at 79.23 to 25 yen

but this bicycle is made right here in ghana -- and not out of steel but bamboo!> it's a bamboo bike and it's very light. it's ten times stronger than a metal bike. it's a smooth ride. >> ibrahim's workshop overlooks the city. the bamboo takes several months to dry. then it's sawn into pieces and planed before ibrahim and his team start to assemble the frame. his five employees do the preliminary work. then ibrahim talks them through the hard part. the idea for the bamboo bikes originated in the us about 6 years ago. two years ago, ibrahim partnered with an austrian company. >> in the initial stage it was difficult. we didn't have all the tools, we were using our hands in cutting all the shapes. now we have tools that make the work easier. it used to take a week to build one bike but now it takes 3 to 4 days. they help me a lot. they bought me this jig for about $1500. >> making the steering column is one of the tricky bits. if the drill isn't in exactly the right place, all the hard work is for nothing. the bamboo is stabilized with% resin, which prevents it from

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