U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

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1989TransAm
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U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by 1989TransAm » Wed Mar 07, 2018 2:36 pm

President Trump following up on his campaign promise of more jobs. MAGA

"The company plans to call back about 500 employees
United States Steel Corp. X +4.25% said it would restart a blast furnace in Illinois to handle the higher demand it expects from President Donald Trump’s proposed tariffs on foreign steel.
The steelmaker said it also plans to call 500 employees back to work at the Granite City mill. U.S. Steel idled its blast furnaces there two years ago as a flood of cheap imports pushed down domestic steel prices. Steel producers have been hurt in recent years by increasing competition from foreign competitors, particularly China, that have ramped up production at lower prices.
Prices have been rising again in the U.S. in part because of the Trump administration’s discussions over whether to widen tariffs that have been applied piecemeal in recent years. Spot-market sheet-steel prices have risen more about 37% since October to about $810 a ton, according steel-industry price surveys.
Prices are expected to rise further if the tariffs proposed last week by Mr,. Trump—25% on steel and 10% on aluminum—are implemented.
U.S. Steel restarted steel processing at the Granite City site and was expected to restart blast-furnace operations to make raw steel from iron ore after
“Our Granite City Works facility and employees, as well as the surrounding community, have suffered too long from the unending waves of unfairly traded steel products that have flooded U.S. markets,” said Chief Executive David Burritt."

https://www.wsj.com/articles/u-s-steel- ... 1520430223

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Re: U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by sanfordandson » Wed Mar 07, 2018 2:43 pm

1989TransAm wrote:
Wed Mar 07, 2018 2:36 pm
President Trump following up on his campaign promise of more jobs. MAGA

"The company plans to call back about 500 employees
United States Steel Corp. X +4.25% said it would restart a blast furnace in Illinois to handle the higher demand it expects from President Donald Trump’s proposed tariffs on foreign steel.
The steelmaker said it also plans to call 500 employees back to work at the Granite City mill. U.S. Steel idled its blast furnaces there two years ago as a flood of cheap imports pushed down domestic steel prices. Steel producers have been hurt in recent years by increasing competition from foreign competitors, particularly China, that have ramped up production at lower prices.
Prices have been rising again in the U.S. in part because of the Trump administration’s discussions over whether to widen tariffs that have been applied piecemeal in recent years. Spot-market sheet-steel prices have risen more about 37% since October to about $810 a ton, according steel-industry price surveys.
Prices are expected to rise further if the tariffs proposed last week by Mr,. Trump—25% on steel and 10% on aluminum—are implemented.
U.S. Steel restarted steel processing at the Granite City site and was expected to restart blast-furnace operations to make raw steel from iron ore after
“Our Granite City Works facility and employees, as well as the surrounding community, have suffered too long from the unending waves of unfairly traded steel products that have flooded U.S. markets,” said Chief Executive David Burritt."

https://www.wsj.com/articles/u-s-steel- ... 1520430223
Millions of americans will pay for these 500 jobs.

Govt shouldnt be picking winners and losers in business.

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Re: U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by RevTheory » Wed Mar 07, 2018 3:02 pm

We need them to announce openings in toss-up states :D

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Re: U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by lefty o » Wed Mar 07, 2018 3:16 pm

we will have someone along shortly to say its only 500 jobs, but of course that would be ignoring the trains and trucks needed to move the steel, and all the other people needed for the infrastructure for those 500 jobs. thats just 1 plant, and those 500 jobs at that 1 plant more than likely lead to another 1500 jobs supporting them. not to mention the taxes those jobs provide to the local community and state vs the welfare, foodstamps, housing assistance etc that these people have been on for years. of course the liberals just ignore all that and call it only 500 jobs!

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Re: U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by dirtracr5 » Wed Mar 07, 2018 3:25 pm

This is my biggest concern.
Steel prices have been rising again in the U.S. in part because of the Trump administration’s discussions over whether to widen tariffs that have been applied piecemeal in recent years. Spot-market sheet-steel prices have risen more about 37% since October to about $810 a ton, according steel-industry price surveys.

Prices are expected to rise further if the tariffs proposed last week by Mr,. Trump—25% on steel and 10% on aluminum—are implemented.

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Re: U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by 1989TransAm » Wed Mar 07, 2018 4:13 pm

[/quote]
Millions of americans will pay for these 500 jobs.

Govt shouldnt be picking winners and losers in business.
[/quote]

It will be more than 500 jobs created. The area where these jobs are will also see a boom with ancilary jobs. Also these 500 jobs is just the opener for the plant. The 2nd part is a national security issue which has been discussed before on this forum. We need a strong steel and aluminum industry.

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Re: U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by RevTheory » Wed Mar 07, 2018 4:17 pm

Picking winners and losers? Why, because Trump is creating a better environment for business? It was the previous "administration" that did all the winner and loser picking.

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Re: U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by j-c-c » Wed Mar 07, 2018 5:04 pm

Robots ( imported?) will be happy. =D>

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Re: U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by sanfordandson » Wed Mar 07, 2018 5:06 pm

1989TransAm wrote:
Wed Mar 07, 2018 4:13 pm
It will be more than 500 jobs created. The area where these jobs are will also see a boom with ancilary jobs. Also these 500 jobs is just the opener for the plant. The 2nd part is a national security issue which has been discussed before on this forum. We need a strong steel and aluminum industry
More than 500 will be created but many more will be lost.

Exempt Canada then China and the rest of the world will have a back door to get their goods to us.

Will be a big loss for America.

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Re: U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by turbo2256b » Wed Mar 07, 2018 6:13 pm

WOUNDER WHAT THE TARIFF IS IF someone / company in china was to buy some US steel

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Re: U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by dirtracr5 » Wed Mar 07, 2018 7:34 pm

Image

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Re: U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by exhaustgases » Wed Mar 07, 2018 8:45 pm

All it will end when the Marxists get control again, unless those companies are planning to keep trump in for the next 20 years they are wasting money.

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Re: U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by dirtracr5 » Wed Mar 07, 2018 10:18 pm

exhaustgases wrote:
Wed Mar 07, 2018 8:45 pm
All it will end when the Marxists get control again, unless those companies are planning to keep trump in for the next 20 years they are wasting money.
Whats strange to me is tariffs are long considered a dem supported idea. republicans typically oppose these things. They tend to weaken businesses and economies as well as weaken the dollar.

Im trying to figure out why some Trump supporters are all in on this?

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Re: U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by 1989TransAm » Wed Mar 07, 2018 10:43 pm

Very simple. It is a bargaining chip in trade deals.

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Re: U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans

Post by dirtracr5 » Wed Mar 07, 2018 10:48 pm

1989TransAm wrote:
Wed Mar 07, 2018 10:43 pm
Very simple. It is a bargaining chip in trade deals.
I hope it works then. Alot is at stake if it goes south.

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