Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

U.S. Steel to Restart Illinois Plant Operations Amid Trump’s Tariff Plans
www.wsj.com ^ | Updated March 7, 2018 11:35 a.m. ET | By Allison Prang and Bob Tita

Posted on 03/07/2018 10:53:50 AM PST by Red Badger

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.

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Front Page News; Government; Politics/Elections; US: Illinois; US: Pennsylvania
KEYWORDS: bringbaacksteel; bringbackjobs; cutregulationns; cuttaxes; economy; granitecity; illinois; incometaxes; jobs; maga; steel; tariffs; taxcutsandjobsact; taxreform; tcja; trade; trump; trumpwinsagain; ussteel; winning
Navigation: use the links below to view more comments.
first 1-2021-4041-49 next last

Blast furnaces stood idle at U.S. Steel’s facility in Granite City, Ill., in 2017. U.S. Steel says it will restart one blast furnace at the site to handle higher demand in light of President Trump’s proposed steel tariffs. Photo: Luke Sharrett/Bloomberg News

1 posted on 03/07/2018 10:53:50 AM PST by Red Badger
[ Post Reply | Private Reply | View Replies]

To: Red Badger

WINNING!


2 posted on 03/07/2018 10:56:58 AM PST by House Atreides (BOYCOTT the NFL, its products and players 100% - PERMANENTLY)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

Granite City: Making Obamugabe’s “southside” great again!


3 posted on 03/07/2018 10:57:23 AM PST by Cletus.D.Yokel (Catastrophic, Anthropogenic Climate Alterations: The acronym explains the science.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

Immediate, and definite benefit. Naturally, dems condemn it because they hate this country.


4 posted on 03/07/2018 11:00:43 AM PST by I want the USA back (There are two sexes: male (pronoun HE), and female (pronoun SHE). Denial of this is insanity.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: I want the USA back

More ‘crumbs’...................


5 posted on 03/07/2018 11:01:09 AM PST by Red Badger (The people who call Trump a tyrant are the same people who want the president to confiscate weapons.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: I want the USA back
Immediate, and definite benefit. Naturally, dems condemn it because they hate this country.

Naturally the media will stay mum on the 500 jobs as well, they hate Trump.

6 posted on 03/07/2018 11:03:10 AM PST by 1Old Pro
[ Post Reply | Private Reply | To 4 | View Replies]

To: Red Badger

WINNING!!


7 posted on 03/07/2018 11:04:17 AM PST by Jane Long (Praise God, from whom ALL blessings flow.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger
500 jobs at the plant.

What about mining?

8 posted on 03/07/2018 11:07:06 AM PST by Sacajaweau
[ Post Reply | Private Reply | To 1 | View Replies]

To: 1Old Pro

Only 500 jobs? But 5,000 used to work there. What about them? /s

Awesome news.


9 posted on 03/07/2018 11:07:43 AM PST by cyclotic (Trump tweets are the only news source you can trust.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Red Badger

That is near Saint Louis, Missouri. Just across the river.


10 posted on 03/07/2018 11:11:53 AM PST by SoFloFreeper
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

I am sure that the 4 major Democrats in Ill-Annoy (Rauner, Madigan, Durbin, and Duckworth) are fully opposed to this... If Trump is for it, these 4 knuckleheads will be against it.


11 posted on 03/07/2018 11:13:52 AM PST by SERKIT ("Blazing Saddles" explains it all.......)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

12 posted on 03/07/2018 11:16:29 AM PST by dfwgator
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

I hope Republic does the same in the Cleveland Flats. They do still have some action in Lorraine.


13 posted on 03/07/2018 11:19:25 AM PST by Dr. Bogus Pachysandra (Don't touch that thing! Don't let anybody touch that thing!I'm a doctor and I won't touch that thing)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

Assuredly, somewhere...somebody is accusing Trump of subsidizing US Steel as a result of the tariffs.

Progressive logic being what it is.

This is aside from my view that this is also a national security matter (infrastructure & industry supporting, among other things, defense).


14 posted on 03/07/2018 11:22:35 AM PST by logi_cal869 (-cynicus-)
[ Post Reply | Private Reply | To 1 | View Replies]

To: logi_cal869
This is aside from my view that this is also a national security matter (infrastructure & industry supporting, among other things, defense).

Absolutely.

15 posted on 03/07/2018 11:23:29 AM PST by dfwgator
[ Post Reply | Private Reply | To 14 | View Replies]

To: Red Badger

Maybe the growth of American Steel can fix detroit.....

KYPD


16 posted on 03/07/2018 11:25:22 AM PST by petro45acp (It is just that the left,progressive,socialist,antifa,fascist endgame seems so inhuman...unfree)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dfwgator

"Those jobs are gone and they're never coming back."

17 posted on 03/07/2018 11:30:26 AM PST by Rebelbase ( Hillary, DNC, DOJ and FBI colluded with a British National to influence the 2016 Pres. election)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Red Badger

Here’s what’s happening to what used to be US Steel South Works in Chicago. It was huge in the day, and many, many, many families were financed by those jobs.

https://chicago.curbed.com/2016/8/1/12342144/chicago-south-shore-development-news-us-steel


18 posted on 03/07/2018 11:33:21 AM PST by neverevergiveup
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

Take thAt you stupid free traders


19 posted on 03/07/2018 11:36:15 AM PST by Truthoverpower (The guvmint you get is the Trump winning express !)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dr. Bogus Pachysandra

The Rust Belt is woke!.........................


20 posted on 03/07/2018 12:03:59 PM PST by Red Badger (The people who call Trump a tyrant are the same people who want the president to confiscate weapons.)
[ Post Reply | Private Reply | To 13 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-49 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson