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US Steel announces plans to lay off hundreds at southern Illinois mill
Fox business ^ | 11/29/2023 | Pilar Arias

Posted on 11/29/2023 3:16:58 PM PST by ChicagoConservative27

U.S. Steel issued layoff warnings to 1,000 employees of its Granite City, Illinois, mill this week, saying they expect to fire 60% of them due to indefinite idling of iron and steelmaking operations at the facility.

The warnings rocked the local community, which will be severely impacted by the move.

"You’ve got these small businesses that depend on that income to come in, and these businesses want these people to come in and spend their money," Edith Arnold, a woman whose relative has worked at the mill for more than 30 years, told local KTVI. "You shut them down, what are they going to do?"

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


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: illinois; layoff; southern; steel
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Illinois = a dump.
1 posted on 11/29/2023 3:16:58 PM PST by ChicagoConservative27
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To: ChicagoConservative27

The US still has steel mills? I thought all that work went to China and India years and years ago.


2 posted on 11/29/2023 3:21:04 PM PST by jerod (Nazis were essentially Socialist in Hugo Boss uniforms... Get over it!)
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To: jerod

I, likewise, am astounded that US Steel is even still in business.


3 posted on 11/29/2023 3:25:03 PM PST by HIDEK6 (God bless Donald Trump. )
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To: ChicagoConservative27

Illinois = a dump.


I thank God I left Illinois over 20 years ago. Yes, Oklahoma has a lot of poor folks, a lot of undereducated folks, and a lot of meth (is there anywhere that doesn’t?). But for the most part, it beats Illinois hands down, because it’s free from most the lefty loonies, and we are allowed to arm and defend ourselves.


4 posted on 11/29/2023 3:25:45 PM PST by Flaming Conservative ((Pray without ceasing))
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To: HIDEK6

For you data hounds out there—the all time daily closing high for US Steel stock was 167.93 on June 25, 2008.

It never recovered from the great crash of 2008-2009 and today a share is worth thirty five bucks.


5 posted on 11/29/2023 3:28:48 PM PST by cgbg ("Creative minds have always been known to survive any kind of bad training." Anna Freud.)
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To: ChicagoConservative27

I suspect this is a casuality of Obama’s ongoing war against coal.


6 posted on 11/29/2023 3:30:47 PM PST by Nateman (If the Pedo Profit Mad Moe (pig pee upon him!) was not the Antichrist then he comes in second.)
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To: Nateman

People in IL are so ill that they repeatedly vote for policies that ruin many of them.


7 posted on 11/29/2023 3:32:02 PM PST by Theodore R. ( )
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To: ChicagoConservative27

Un-possible. The economy is on fire. Demand for steel must be at an all time high.


8 posted on 11/29/2023 3:33:29 PM PST by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: ChicagoConservative27

This should equalize the income disparity with the folks in nearby East St. Louis…


9 posted on 11/29/2023 3:33:45 PM PST by VanShuyten ("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals)
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To: ChicagoConservative27

Madison County, where Granite City is located, went for Trump 55-42 in 2020.

L


10 posted on 11/29/2023 3:38:12 PM PST by Lurker ( Peaceful coexistence with the Left is not possible. Stop pretending that it is. )
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To: Lurker

Most of Illinois is about as RED as it can get.

A few densely populated areas, Chicago being the worst, ruin it for everyone else.


11 posted on 11/29/2023 3:41:48 PM PST by qaz123
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To: VTenigma

Biden will disparage the greedy corporations and their quest for profits!


12 posted on 11/29/2023 3:43:47 PM PST by griswold3 (I cannot change the Tide but I can learn to Sail)
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To: ChicagoConservative27

Adding Chicago would kill any good state.


13 posted on 11/29/2023 3:48:36 PM PST by alternatives?
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To: qaz123

“Most of Illinois is about as RED as it can get.”

Yep. Pritzker only won 7 counties. The rest of Illinois is as red as anywhere in the country.

L


14 posted on 11/29/2023 3:55:44 PM PST by Lurker ( Peaceful coexistence with the Left is not possible. Stop pretending that it is. )
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To: ChicagoConservative27

Best economy ever! Isn’t everyone excited about Bidenomics and what it has done for (to) our nation? Aren’t you looking forward to five more years of the same?

Happy Days are here again!!!!


15 posted on 11/29/2023 3:58:31 PM PST by CFW (I will not comply!)
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To: ChicagoConservative27; All
Steel prices were way up, but have trended down back almost to where they were in 2020.


16 posted on 11/29/2023 3:58:36 PM PST by Reverend Wright ( Everything touched by progressives, dies !)
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To: jerod

I know of five steel mills in Alabama that have shut down. If the issue is labor cost, they are more than welcome to come back to Alabama. Cost of living here is fairly inexpensive. A steel workers salary could provide a pretty good living here.


17 posted on 11/29/2023 4:00:13 PM PST by political1 (Love your neighbors)
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To: VTenigma

I remember when scrap was 300+ a ton..

now it’s a fight to get 100 a ton here in Minnesota.

scrap is down, that means demand for “new” (made from old) steel is down too.

Bidenomics baby!


18 posted on 11/29/2023 4:16:51 PM PST by cableguymn
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To: HIDEK6
It gets worse, from last October...

Manchin challenges EPA's new metallurgical coal rules, warns it will harm W.Va.

19 posted on 11/29/2023 4:26:11 PM PST by mewzilla (Never give up; never surrender!)
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To: Theodore R.

Take a look at the Illinois map. It’s a red state. Two or three big cities do all the deciding.


20 posted on 11/29/2023 4:28:42 PM PST by roving (👌⚓Deplorable Listless Vessel with Trumpitist who looks Trumpish)
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