Brazil and Australia are flooding the iron ore market. It’s sad because these MN iron ranges helped us win WW2. At least they will keep it idle if needed...
Dayton and his eco-nutter trustfund friends can claim another victory.
Six million tons off line means fewer steamship trips from Two Harbors down to Gary. Parked boats, reduced employment for mariners, steel mill workers, etc.
This is in Minnesota. No sympathy here for the people of that Marxist State. Let all of them lose their jobs, homes and cars. I don’t shive a git.
Guess what? I re-invested my profits from that company and opened another small one and then another one and wound up employing some 50 people who didn't have jobs.
Isn't capitalism/free enterprise wonderful? The opportunities are endless UNTIL the Fed, State and Municipalities get in the way with their feel-good regulations and laws.
We were once the standard that so many nations prospered from. Yeah...so dangling participle or whatever. You get the point. Screw socialists and communists and any totalitarian.
Northern Minnesota will look like Michigan’s Upper Peninsula in a brief period of time - desolate, empty buildings, homes and just towns going to rack and ruin. Great! /s
This has to rank somewhat high as a military strategic concern. Pretty sure if we had true patriots running the defense dept. there would be some funding directed to keep this domestic steel site open.
Foreign competition is the least of the worries here.
It’s my estimation that the big problems, and probably in order of magnitude;
EPA
OSHA
Unions
MN taxes and regulations.
Those are nearly insurmountable without a change in government.