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United States Steel said Monday it will resume construction of a furnace in Alabama, adding 1.6 million tons of steelmaking capacity and hundreds of jobs. Construction on U.S. Steel’s mill in Jefferson County, Alabama, was suspended in 2015 after China’s overproduction caused a global steel glut that sent prices plummeting. The tariffs the Trump administration imposed last year have reduced the flow of foreign steel in the U.S. and allowed domestic makers to expand again. U.S. Steel Chief Executive Officer David Burritt said in a statement: Thanks to the President’s strong trade actions and improved market conditions, support from the...

.....will be fully operational in 2022, would produce 1.2 million tons a year of steel plate products and create about 400 full-time jobs.....

BEIJING (Reuters) - China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday.

The crack discovered Tuesday in a steel beam that supports the roof garden of the new, $2.2 billion Transbay Transit Center — forcing the terminal’s abrupt closure just as rush-hour was getting going — is the latest headache for the 2 1/2 block long transit hub.

When President Trump promised to make America great again, the employees at Mid Continent Nail in Missouri probably didn’t expect he would put them out of work. But the steel tariffs imposed in June have the company hanging by a thread. Mid Continent is the largest nail manufacturer in the U.S. and has been in Missouri for more than 25 years. It had 500 employees at its Popular Bluff plant and was the second largest employer in the small town before the Trump tariffs hit. The trouble for Mid Continent is that foreign producers making nails abroad use low-price steel...

EU Trade Commissioner Gives Ground: We’re Willing To Drop Auto Tariffs To Zero (If The US Will Do The Same)(Full Title) President Trump’s hard line on tariffs has won a significant concession from the European Union, at least the promise of one. Trump has been warning all summer that he could add a tariff on automobile imports which would have a significant impact on automakers in Europe (as well as Japan and Mexico). Today the European Union Trade Commissioner Cecilia Malmstrom said the EU was willing to drop all of its existing tariffs on cars and other goods to zero...

Russia has made 1 million hectares (2.5 million acres) of arable land available to foreign investors – and while that could be boon for Beijing as it struggles with limited supplies of soybeans in its trade war with the US, analysts are concerned about the quality of the plots available. Valery Dubrovskiy, director of investment for the Far East Investment and Export Agency, a non-profit organisation, said on Tuesday that several Chinese companies had already expressed an interest in the deal. With the China-US trade war showing no signs of abating, and after Beijing slapped 25 per cent tariffs on...

The FBI has fired Peter Strzok over ant-Trump text messages he exchanged with his lover during the 2016 presidential campaign, Strzok's lawyer confirmed Monday. This story is developing. Please check back for updates.

“We need steel,” he said. “We need steel plants. And to see an old, big monster plant like this re-opening — that is an honor. I look at the faces of you people; I could be one of you. I like you guys. I could be one of you.” That struck me as either sincere or an amazing facsimile. The workers, for their part, couldn’t give him a standing ovation because they never sat down. I left the hall thinking: Donald Trump is going to be re-elected in 2020. The Democrats don’t have anyone who can touch him. Bank on...

(VIDEO-AT-LINK)President Donald Trump on Thursday spoke at a newly reopened U.S. Steel mill in the St. Louis-area town of Granite City, Illinois, calling the plant's reopening a "great victory" and an "honor." Officials with U.S. Steel said tariffs enacted by Trump led to the decision to restart a blast furnace at the mill, which brought back 500 jobs. The company has promised an additional 300 jobs by October, when it plans to restart a second blast furnace. After Trump's speech, KSDK News spoke to a steelworker who got emotional when discussing all the president has done for American workers....

Protesters greeted President Trump on his visit to Granite City, Ill., with a giant balloon depicting him as a chicken. Trump delivered remarks at the U.S. Steel Co.'s Granite City Works, where he also took credit for the plant’s reopening following his increased tariffs on imports. Protesters lined up hours ahead of his visit to greet the president with the “Trump chicken” balloon and numerous signs attacking the president as a “liar,” calling for his impeachment, and slamming his controversial “zero-tolerance” immigration policy. (TWEET-AT-LINK) Last week, another 33-foot-tall inflatable blimp depicting Trump as a chicken captured headlines after it was...

GRANITE CITY, Ill. (AP) — President Donald Trump on Thursday trumpeted the renewed success of an Illinois steel mill, pushing back against criticism that his escalating trade disputes are hurting American workers and farmers. The president pointed to the U.S. Steel plant's reopening as a success story after he slapped tariffs on imported steel and aluminum last spring. On Wednesday, he and European leaders agreed to open talks on trade, a decision he called a breakthrough. "America never surrenders," Trump said in an address to workers at the company's steel coil warehouse in Granite City. "We don't wave the white...

President Trump traveled to Granite City, Illinois to speak to steelworkers at the US Steel plant that reopened this year. Since President Trump enacted tariffs on foreign steel imports U.S. Steel has decided to restart both furnaces, meaning the return of 800 jobs. This afternoon local KSDK reporter spoke with one of the steelworkers at the Granite City plant. The man says he is a third generation steelworker and was out of work for two-and-a-half years. He then cries as he talks about President Trump and the life he has brought back to this eastern Illinois community. US Steel Worker:...

It’s too good! Yesterday, former Obama Treasury Secretary Jack Lew was on CNBC bashing President Trump’s Trade Tactics when the news came out that Trump had reached a deal with the European Union! They asked Lew for immediate reaction and he clearly didn’t know what to say. CNBC’s Sara Eisen then directly confronted him: “If this is true, this certainly would be a win for the Administration, and it would show the World that these tough trade tactics are working . . . ."

The meeting on trade Wednesday between President Trump and European Commission President Jean-Claude Juncker had all the makings of a potential crackup, but in the event it provided the best economic news in weeks. Financial markets were clearly pleased, as stocks rose across the board before the closing bell on the statements by the two presidents after their White House session. Call it a relief rally. The two sides essentially declared a tariff truce, pending negotiations on a larger trade deal between the 28-nation European Union and the U.S. Mr. Trump agreed to step back from his threat of 25%...

American steel workers at Banner Metals — which distributes metals — said they support Trump’s fair trade agenda wherein the populist president has placed a 25 percent tariff on imported steel and a ten percent tariff on imported aluminum. Bronson Jones, who co-owns Banner Metals, told the Times‘ Nelson Schwartz that he sees the tariffs and Trump’s moves to hold China accountable on trade as a benefit to the American economy in the long term. “I’m not looking at what’s best for Banner right now. I’m looking at what’s best for the national economy,” Jones said. “The U.S. has been...

CANTON, Ohio - Republic Steel in Canton is adding an additional shift and plans to hire 50 people to fill various open positions at the company. The company is hiring for labor technician, crane operator, mechanical maintenance and maintenance electrical techs. The jobs pay between $19 and $23 per hour, plus incentives. Republic Steel offers the following to employees: •Medical, dental and vision benefits •401K •Pension towards Steelworks Pension Trust •Profit sharing plan •Shift premiums and Sunday premiums •Growth opportunity A two-session hiring event will be held at the Courtyard Marriott, 4375 Metro Circle NW, Canton, on July 26. The...

President Donald Trump is making his first visit to Illinois since becoming president, making a stop in Granite City on Thursday where he is expected to tout the reopening of a U.S. Steel Corp. mill. The White House announced Sunday night Trump will swing through Granite City, in southern Illinois near St. Louis and Dubuque, Iowa, on Thursday. The Trump administration has been highlighting U.S. Steel’s Granite City mill as a trade war success story even as the tariffs have sparked concerns in other sectors, with alarms sounded by Illinois farmers whose main crop is soybeans. The visit will have...

Nucor posted the highest second-quarter profit in its history as the steelmaker ramped up output to meet demand from President Trump's 25 percent tariffs on imports from overseas competitors. The Charlotte, N.C.-based company has benefited as Trump's duties reduced so-called dumping of illegally subsidized metals in the U.S. from foreign producers, said Chief Executive Officer John Ferriola. China, in particular, has long been criticized for undercutting steel prices, which harms American manufacturers. "The tariffs send a clear message that the U.S. is done asking nicely for compliance with the rules of trade and is serious about demanding changes in the...

The Senate on Wednesday took a symbolic shot at President Trump’s trade policy amid anxiety on Capitol Hill over his tariff strategy. Senators voted 88-11 to instruct lawmakers hashing out a deal on a government funding bill to include language “providing a role for Congress” on tariffs implemented for national security reasons, known as Section 232 of the trade laws. The vote is nonbinding, meaning lawmakers don’t have to add trade language into the funding bill. But the vote margin, with more senators supporting it than the amount needed to override a veto, underscores the depth of concern on Capitol...