Getty Images and AARP present the Disrupt Aging Collection, a searchable photo collection that redefines what it means to get older. Take a look.

Reply
Valued Social Butterfly
0
Kudos
344
Views

Re: US Steel Closing Plants Because of Tariffs

344 Views
Message 1 of 7

@Fishslayer777 wrote:

Closings/layoff are a way of life in the steel industry... just like the auto industry. 

 

https://www.wsj.com/articles/u-s-steel-to-invest-1-2-billion-at-pennsylvania-mills-11556823367


Sadly Dicator Trump does not understand that so you better call him and explain it to him. The Great Depression was given to us by the far right Reb., and they used Tariffs as their final nail in creating it.

Report Inappropriate Content
0
Kudos
344
Views
Trusted Social Butterfly
1
Kudos
367
Views

US Steel Closing Plants Because of Tariffs

367 Views
Message 2 of 7

Historically, tariffs almost always fail. They eventually make the problem they're trying to solve, even worse. That's why almost all economists warn against implementing tariffs.

Report Inappropriate Content
1
Kudos
367
Views
Highlighted
Respected Social Butterfly
1
Kudos
371
Views

Re: US Steel Closing Plants Because of Tariffs

371 Views
Message 3 of 7

Closings/layoff are a way of life in the steel industry... just like the auto industry. 

 

https://www.wsj.com/articles/u-s-steel-to-invest-1-2-billion-at-pennsylvania-mills-11556823367


"The nicest curve on a woman's body is her smile "
Report Inappropriate Content
1
Kudos
371
Views
Valued Social Butterfly
0
Kudos
391
Views

Re: US Steel Closing Plants Because of Tariffs

391 Views
Message 4 of 7

Didn’t trump say that his policies and economic outlooks were so good that the steel industry was going build at least 6 new plants?

Picture is not quite as rosy as promised!

Farmers...steel...who’s next?

Or will trump subsidize the steel industry now!

Report Inappropriate Content
0
Kudos
391
Views
Valued Social Butterfly
2
Kudos
397
Views

Re: US Steel Closing Plants Because of Tariffs

397 Views
Message 5 of 7

   Gee if only the current WH regime was actually interested in not using Infrastructure as a tool for getting his stupid wall built, perhaps that would have stopped the current round of layoffs / shutdown of blast furnances.    But since when does donald think past the moment and consider any unintended consequences of his 'actions"?   Answer - NEVER

PRO-LIFE is Affordable Healthcare for ALL .
Report Inappropriate Content
2
Kudos
397
Views
Trusted Social Butterfly
1
Kudos
404
Views

US Steel Closing Plants Because of Tariffs

404 Views
Message 6 of 7

"Late Tuesday US Steel announced it will idle two of the blast furnaces where it makes steel, one in its flagship mill in Gary, Indiana, near Chicago, the other in Ecorse, Michigan, near Detroit. The idled furnaces will cut production by about 200,000 tons of steel or more a month, the company said.

 

"We will resume blast furnace production at one or both idled blast furnaces when market conditions improve," said the company.
 
US Steel also cut its earnings outlook and shut an additional blast furnace in Europe. Although some of the drop in profit is because of the slowdown in the European economy, it pointed to softening demand in the American market as well. US manufacturing has been slowing recently.
US Steel's action follows similar warnings Monday from Nucor, the nation's largest steelmaker, and Steel Dynamics . Both are now forecasting lower profits. Nucor pointed to weaker demand from the US auto industry. Steel Dynamics said steel prices have declined across its line of products.
 
The Trump administration placed a 25% tariff on steel imports in 2018.
 
Report Inappropriate Content
1
Kudos
404
Views
Treasured Social Butterfly
1
Kudos
434
Views
6
Replies

US Steel Closing Plants Because of Tariffs

434 Views
Message 7 of 7

US Steel is idling plants, despite tariffs designed to save them

 

New York (CNN Business)Pain has returned to the US steel industry, despite the tariffs put on imported steel last year that were designed to help.

 

Late Tuesday US Steel announced it will idle two of the blast furnaces where it makes steel, one in its flagship mill in Gary, Indiana, near Chicago, the other in Ecorse, Michigan, near Detroit.

 

The idled furnaces will cut production by about 200,000 tons of steel or more a month, the company said.

 

US Steel also cut its earnings outlook and shut an additional blast furnace in Europe.

 

MAGA

 

Source - https://www.cnn.com/2019/06/19/business/us-steel-cutback/index.html

 

 

 

 

( " China if You're Listening - Get Trumps Tax Returns " )

" )
" - Anonymous

Report Inappropriate Content
1
Kudos
434
Views
6
Replies
cancel
Showing results for 
Search instead for 
Did you mean: 
Users
Announcements

Are you new to the online community? Say Hi and tell us a bit about yourself, your interests, and how we can help make this community a great experience for you!


close-up group of seniors smiling at camera

Top Authors