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More Good News According To Obama`s Economy!

1stRambo

Gold Member
Feb 8, 2015
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Yo, yes folks, the Economy is Booming!!! Go Obama? Maybe straight to Hell!!!

US Steel idling Alabama mill; about 1,100 jobs affected



Aug. 17, 2015 3:39 PM EDT

FAIRFIELD, Ala. (AP) — U.S. Steel Corp. said Monday that it will close its Fairfield Works mill, one of the largest remaining pieces from Birmingham's years as a Southern steel-making giant.

The decision will affect about 1,100 workers at the roughly century-old plant, company spokeswoman Sarah Cassella said. It was unclear whether employees might be able to move to other jobs within the Pittsburgh-based company.

An adjoining plant that employs about 700 people will continue making steel pipe, the company said, and construction of an electric arc furnace will continue on the property. An associated galvanizing operation will keep operating in Jackson, Mississippi, U.S. Steel said.

But the blast furnace and other operations at Fairfield Works will close around Nov. 17.

"Any time you're talking about a major layoff, it's no good news at all," Fairfield Mayor Kenneth Coachman said.

The plant is just outside the city limits of its namesake town, but Coachman said many workers still live in Fairfield.

"It will be a tremendous loss to them and their families," he said.

In a statement from U.S. Steel, CEO Mario Longhi said the shutdown was needed to improve the efficiency and cost structure of the company's rolled-steel segment.

"We have made some difficult decisions over the last year as part of our portfolio optimization," Longhi said.

U.S. Steel announced temporary shutdowns earlier this year at two facilities in Minnesota, resulting in more than 1,000 layoffs. The domestic steel industry has been buffeted for years by low prices and foreign imports.

The United Steelworkers blamed the decision on unfair foreign competition.

"In particular, China has repeatedly violated international trade rules to bolster its state-owned industry while dumping its products into our market, and American workers have already paid the price," union president Leo W. Gerard said in a statement.

Located just west of Alabama's largest city, Fairfield Works is a major part of Birmingham's past as a steel-producing city, the so-called "Pittsburgh of the South."

The Birmingham suburb of Fairfield was a planned company town that grew up around the mill in the early 1900s, according to the Encyclopedia of Alabama. More than 40,000 people were employed at Fairfield Works making steel during World War II, and about 11,000 people now live in Fairfield.

The region's steel industry began a slow decline about 50 years ago, and medical and financial industries now dominate Birmingham's economy.

"GTP"
obama_in_jail_answer_5_xlarge.jpg
 
Yo, yes folks, the Economy is Booming!!! Go Obama? Maybe straight to Hell!!!

US Steel idling Alabama mill; about 1,100 jobs affected



Aug. 17, 2015 3:39 PM EDT

FAIRFIELD, Ala. (AP) — U.S. Steel Corp. said Monday that it will close its Fairfield Works mill, one of the largest remaining pieces from Birmingham's years as a Southern steel-making giant.

The decision will affect about 1,100 workers at the roughly century-old plant, company spokeswoman Sarah Cassella said. It was unclear whether employees might be able to move to other jobs within the Pittsburgh-based company.

An adjoining plant that employs about 700 people will continue making steel pipe, the company said, and construction of an electric arc furnace will continue on the property. An associated galvanizing operation will keep operating in Jackson, Mississippi, U.S. Steel said.

But the blast furnace and other operations at Fairfield Works will close around Nov. 17.

"Any time you're talking about a major layoff, it's no good news at all," Fairfield Mayor Kenneth Coachman said.

The plant is just outside the city limits of its namesake town, but Coachman said many workers still live in Fairfield.

"It will be a tremendous loss to them and their families," he said.

In a statement from U.S. Steel, CEO Mario Longhi said the shutdown was needed to improve the efficiency and cost structure of the company's rolled-steel segment.

"We have made some difficult decisions over the last year as part of our portfolio optimization," Longhi said.

U.S. Steel announced temporary shutdowns earlier this year at two facilities in Minnesota, resulting in more than 1,000 layoffs. The domestic steel industry has been buffeted for years by low prices and foreign imports.

The United Steelworkers blamed the decision on unfair foreign competition.

"In particular, China has repeatedly violated international trade rules to bolster its state-owned industry while dumping its products into our market, and American workers have already paid the price," union president Leo W. Gerard said in a statement.

Located just west of Alabama's largest city, Fairfield Works is a major part of Birmingham's past as a steel-producing city, the so-called "Pittsburgh of the South."

The Birmingham suburb of Fairfield was a planned company town that grew up around the mill in the early 1900s, according to the Encyclopedia of Alabama. More than 40,000 people were employed at Fairfield Works making steel during World War II, and about 11,000 people now live in Fairfield.

The region's steel industry began a slow decline about 50 years ago, and medical and financial industries now dominate Birmingham's economy.

"GTP"
View attachment 47625
I am sure that the President made a direct call to Mr. Longhi and ordered the plant closed. What problem do you have with the free market?
 
Yo, yes folks, the Economy is Booming!!! Go Obama? Maybe straight to Hell!!!

US Steel idling Alabama mill; about 1,100 jobs affected



Aug. 17, 2015 3:39 PM EDT

FAIRFIELD, Ala. (AP) — U.S. Steel Corp. said Monday that it will close its Fairfield Works mill, one of the largest remaining pieces from Birmingham's years as a Southern steel-making giant.

The decision will affect about 1,100 workers at the roughly century-old plant, company spokeswoman Sarah Cassella said. It was unclear whether employees might be able to move to other jobs within the Pittsburgh-based company.

An adjoining plant that employs about 700 people will continue making steel pipe, the company said, and construction of an electric arc furnace will continue on the property. An associated galvanizing operation will keep operating in Jackson, Mississippi, U.S. Steel said.

But the blast furnace and other operations at Fairfield Works will close around Nov. 17.

"Any time you're talking about a major layoff, it's no good news at all," Fairfield Mayor Kenneth Coachman said.

The plant is just outside the city limits of its namesake town, but Coachman said many workers still live in Fairfield.

"It will be a tremendous loss to them and their families," he said.

In a statement from U.S. Steel, CEO Mario Longhi said the shutdown was needed to improve the efficiency and cost structure of the company's rolled-steel segment.

"We have made some difficult decisions over the last year as part of our portfolio optimization," Longhi said.

U.S. Steel announced temporary shutdowns earlier this year at two facilities in Minnesota, resulting in more than 1,000 layoffs. The domestic steel industry has been buffeted for years by low prices and foreign imports.

The United Steelworkers blamed the decision on unfair foreign competition.

"In particular, China has repeatedly violated international trade rules to bolster its state-owned industry while dumping its products into our market, and American workers have already paid the price," union president Leo W. Gerard said in a statement.

Located just west of Alabama's largest city, Fairfield Works is a major part of Birmingham's past as a steel-producing city, the so-called "Pittsburgh of the South."

The Birmingham suburb of Fairfield was a planned company town that grew up around the mill in the early 1900s, according to the Encyclopedia of Alabama. More than 40,000 people were employed at Fairfield Works making steel during World War II, and about 11,000 people now live in Fairfield.

The region's steel industry began a slow decline about 50 years ago, and medical and financial industries now dominate Birmingham's economy.

"GTP"
View attachment 47625
I am sure that the President made a direct call to Mr. Longhi and ordered the plant closed. What problem do you have with the free market?

Yo, get your facts straight, damn you`re stupid! But hey, what do we Americans expect from Mini Socialist!

"GTP"
obama-lying.jpg
 
Yo, yes folks, the Economy is Booming!!! Go Obama? Maybe straight to Hell!!!

US Steel idling Alabama mill; about 1,100 jobs affected



Aug. 17, 2015 3:39 PM EDT

FAIRFIELD, Ala. (AP) — U.S. Steel Corp. said Monday that it will close its Fairfield Works mill, one of the largest remaining pieces from Birmingham's years as a Southern steel-making giant.

The decision will affect about 1,100 workers at the roughly century-old plant, company spokeswoman Sarah Cassella said. It was unclear whether employees might be able to move to other jobs within the Pittsburgh-based company.

An adjoining plant that employs about 700 people will continue making steel pipe, the company said, and construction of an electric arc furnace will continue on the property. An associated galvanizing operation will keep operating in Jackson, Mississippi, U.S. Steel said.

But the blast furnace and other operations at Fairfield Works will close around Nov. 17.

"Any time you're talking about a major layoff, it's no good news at all," Fairfield Mayor Kenneth Coachman said.

The plant is just outside the city limits of its namesake town, but Coachman said many workers still live in Fairfield.

"It will be a tremendous loss to them and their families," he said.

In a statement from U.S. Steel, CEO Mario Longhi said the shutdown was needed to improve the efficiency and cost structure of the company's rolled-steel segment.

"We have made some difficult decisions over the last year as part of our portfolio optimization," Longhi said.

U.S. Steel announced temporary shutdowns earlier this year at two facilities in Minnesota, resulting in more than 1,000 layoffs. The domestic steel industry has been buffeted for years by low prices and foreign imports.

The United Steelworkers blamed the decision on unfair foreign competition.

"In particular, China has repeatedly violated international trade rules to bolster its state-owned industry while dumping its products into our market, and American workers have already paid the price," union president Leo W. Gerard said in a statement.

Located just west of Alabama's largest city, Fairfield Works is a major part of Birmingham's past as a steel-producing city, the so-called "Pittsburgh of the South."

The Birmingham suburb of Fairfield was a planned company town that grew up around the mill in the early 1900s, according to the Encyclopedia of Alabama. More than 40,000 people were employed at Fairfield Works making steel during World War II, and about 11,000 people now live in Fairfield.

The region's steel industry began a slow decline about 50 years ago, and medical and financial industries now dominate Birmingham's economy.

"GTP"
View attachment 47625
I am sure that the President made a direct call to Mr. Longhi and ordered the plant closed. What problem do you have with the free market?

Yo, get your facts straight, damn you`re stupid! But hey, what do we Americans expect from Mini Socialist!

"GTP"
View attachment 47631
What facts you hopeless moron? What did the president do to cause these layoffs?
 
Yo, yes folks, the Economy is Booming!!! Go Obama? Maybe straight to Hell!!!

US Steel idling Alabama mill; about 1,100 jobs affected



Aug. 17, 2015 3:39 PM EDT

FAIRFIELD, Ala. (AP) — U.S. Steel Corp. said Monday that it will close its Fairfield Works mill, one of the largest remaining pieces from Birmingham's years as a Southern steel-making giant.

The decision will affect about 1,100 workers at the roughly century-old plant, company spokeswoman Sarah Cassella said. It was unclear whether employees might be able to move to other jobs within the Pittsburgh-based company.

An adjoining plant that employs about 700 people will continue making steel pipe, the company said, and construction of an electric arc furnace will continue on the property. An associated galvanizing operation will keep operating in Jackson, Mississippi, U.S. Steel said.

But the blast furnace and other operations at Fairfield Works will close around Nov. 17.

"Any time you're talking about a major layoff, it's no good news at all," Fairfield Mayor Kenneth Coachman said.

The plant is just outside the city limits of its namesake town, but Coachman said many workers still live in Fairfield.

"It will be a tremendous loss to them and their families," he said.

In a statement from U.S. Steel, CEO Mario Longhi said the shutdown was needed to improve the efficiency and cost structure of the company's rolled-steel segment.

"We have made some difficult decisions over the last year as part of our portfolio optimization," Longhi said.

U.S. Steel announced temporary shutdowns earlier this year at two facilities in Minnesota, resulting in more than 1,000 layoffs. The domestic steel industry has been buffeted for years by low prices and foreign imports.

The United Steelworkers blamed the decision on unfair foreign competition.

"In particular, China has repeatedly violated international trade rules to bolster its state-owned industry while dumping its products into our market, and American workers have already paid the price," union president Leo W. Gerard said in a statement.

Located just west of Alabama's largest city, Fairfield Works is a major part of Birmingham's past as a steel-producing city, the so-called "Pittsburgh of the South."

The Birmingham suburb of Fairfield was a planned company town that grew up around the mill in the early 1900s, according to the Encyclopedia of Alabama. More than 40,000 people were employed at Fairfield Works making steel during World War II, and about 11,000 people now live in Fairfield.

The region's steel industry began a slow decline about 50 years ago, and medical and financial industries now dominate Birmingham's economy.

"GTP"
View attachment 47625
I am sure that the President made a direct call to Mr. Longhi and ordered the plant closed. What problem do you have with the free market?

Yo, get your facts straight, damn you`re stupid! But hey, what do we Americans expect from Mini Socialist!

"GTP"
View attachment 47631
What facts you hopeless moron? What did the president do to cause these layoffs?

Yo, you might want to look in a mirror? You are the one who is a total Dumb-Ass! You want to believe anything and everything this Socialist Party throws at you? Then you are a true Idiot!!!

"GTP"
2011-246-2011-09-03T201459Z_01_JEY923_RTRIDSP_0_USA-TEAPARTY.jpg
 
Yo, yes folks, the Economy is Booming!!! Go Obama? Maybe straight to Hell!!!

US Steel idling Alabama mill; about 1,100 jobs affected



Aug. 17, 2015 3:39 PM EDT

FAIRFIELD, Ala. (AP) — U.S. Steel Corp. said Monday that it will close its Fairfield Works mill, one of the largest remaining pieces from Birmingham's years as a Southern steel-making giant.

The decision will affect about 1,100 workers at the roughly century-old plant, company spokeswoman Sarah Cassella said. It was unclear whether employees might be able to move to other jobs within the Pittsburgh-based company.

An adjoining plant that employs about 700 people will continue making steel pipe, the company said, and construction of an electric arc furnace will continue on the property. An associated galvanizing operation will keep operating in Jackson, Mississippi, U.S. Steel said.

But the blast furnace and other operations at Fairfield Works will close around Nov. 17.

"Any time you're talking about a major layoff, it's no good news at all," Fairfield Mayor Kenneth Coachman said.

The plant is just outside the city limits of its namesake town, but Coachman said many workers still live in Fairfield.

"It will be a tremendous loss to them and their families," he said.

In a statement from U.S. Steel, CEO Mario Longhi said the shutdown was needed to improve the efficiency and cost structure of the company's rolled-steel segment.

"We have made some difficult decisions over the last year as part of our portfolio optimization," Longhi said.

U.S. Steel announced temporary shutdowns earlier this year at two facilities in Minnesota, resulting in more than 1,000 layoffs. The domestic steel industry has been buffeted for years by low prices and foreign imports.

The United Steelworkers blamed the decision on unfair foreign competition.

"In particular, China has repeatedly violated international trade rules to bolster its state-owned industry while dumping its products into our market, and American workers have already paid the price," union president Leo W. Gerard said in a statement.

Located just west of Alabama's largest city, Fairfield Works is a major part of Birmingham's past as a steel-producing city, the so-called "Pittsburgh of the South."

The Birmingham suburb of Fairfield was a planned company town that grew up around the mill in the early 1900s, according to the Encyclopedia of Alabama. More than 40,000 people were employed at Fairfield Works making steel during World War II, and about 11,000 people now live in Fairfield.

The region's steel industry began a slow decline about 50 years ago, and medical and financial industries now dominate Birmingham's economy.

"GTP"
View attachment 47625
I am sure that the President made a direct call to Mr. Longhi and ordered the plant closed. What problem do you have with the free market?

Yo, get your facts straight, damn you`re stupid! But hey, what do we Americans expect from Mini Socialist!

"GTP"
View attachment 47631
What facts you hopeless moron? What did the president do to cause these layoffs?

Yo, you might want to look in a mirror? You are the one who is a total Dumb-Ass! You want to believe anything and everything this Socialist Party throws at you? Then you are a true Idiot!!!

"GTP"
View attachment 47666
So. No explanation for why the president caused a 100 year old plant to close? It is called the free market, dumbass.
 
Maybe trade practices unfair to U.S. companies?
Steel dumping blamed for Iron Range layoffs Minnesota Public Radio News

From the Article:

The closing of plants and mills comes from a glut of steel supplies and the steady decline of prices over the last few months.

Following news of the most recent plant closing, Rep. Jason Metsa, DFL-Virginia, blamed the low prices on "foreign countries for dumping state-subsidized steel on American shores." U.S. Steel officials have also pointed to illegal trade practices by Chinese companies.

Dumping is a frowned upon international trade practice, said Tony Barrett, a professor of economics at the College of St. Scholastica. It's when a company sells steel abroad for cheaper than the cost to produce it because they don't need to make the same level of profits as American steel companies.

"If you have a state-owned steel company in China, their priorities are more staying in operation, keeping employment high, keeping their workers happy," Barrett said. "They don't need to make the profits that a U.S. Steel company would have to — we can't do it in this country because we have stockholders that wouldn't tolerate it."

Barrett said while it's almost certain that foreign companies are dumping steel in the U.S. market, the process for challenging the practice is long and complex.

EDIT: Not directly related to the OP, but the reason is probably the same since it's an ongoing situation.
 
Maybe trade practices unfair to U.S. companies?
Steel dumping blamed for Iron Range layoffs Minnesota Public Radio News

From the Article:

The closing of plants and mills comes from a glut of steel supplies and the steady decline of prices over the last few months.

Following news of the most recent plant closing, Rep. Jason Metsa, DFL-Virginia, blamed the low prices on "foreign countries for dumping state-subsidized steel on American shores." U.S. Steel officials have also pointed to illegal trade practices by Chinese companies.

Dumping is a frowned upon international trade practice, said Tony Barrett, a professor of economics at the College of St. Scholastica. It's when a company sells steel abroad for cheaper than the cost to produce it because they don't need to make the same level of profits as American steel companies.

"If you have a state-owned steel company in China, their priorities are more staying in operation, keeping employment high, keeping their workers happy," Barrett said. "They don't need to make the profits that a U.S. Steel company would have to — we can't do it in this country because we have stockholders that wouldn't tolerate it."

Barrett said while it's almost certain that foreign companies are dumping steel in the U.S. market, the process for challenging the practice is long and complex.

EDIT: Not directly related to the OP, but the reason is probably the same since it's an ongoing situation.
Probably? Thanks for your economically illiterate opinion.
 
Yo, yes folks, the Economy is Booming!!! Go Obama? Maybe straight to Hell!!!

US Steel idling Alabama mill; about 1,100 jobs affected



Aug. 17, 2015 3:39 PM EDT

FAIRFIELD, Ala. (AP) — U.S. Steel Corp. said Monday that it will close its Fairfield Works mill, one of the largest remaining pieces from Birmingham's years as a Southern steel-making giant.

The decision will affect about 1,100 workers at the roughly century-old plant, company spokeswoman Sarah Cassella said. It was unclear whether employees might be able to move to other jobs within the Pittsburgh-based company.

An adjoining plant that employs about 700 people will continue making steel pipe, the company said, and construction of an electric arc furnace will continue on the property. An associated galvanizing operation will keep operating in Jackson, Mississippi, U.S. Steel said.

But the blast furnace and other operations at Fairfield Works will close around Nov. 17.

"Any time you're talking about a major layoff, it's no good news at all," Fairfield Mayor Kenneth Coachman said.

The plant is just outside the city limits of its namesake town, but Coachman said many workers still live in Fairfield.

"It will be a tremendous loss to them and their families," he said.

In a statement from U.S. Steel, CEO Mario Longhi said the shutdown was needed to improve the efficiency and cost structure of the company's rolled-steel segment.

"We have made some difficult decisions over the last year as part of our portfolio optimization," Longhi said.

U.S. Steel announced temporary shutdowns earlier this year at two facilities in Minnesota, resulting in more than 1,000 layoffs. The domestic steel industry has been buffeted for years by low prices and foreign imports.

The United Steelworkers blamed the decision on unfair foreign competition.

"In particular, China has repeatedly violated international trade rules to bolster its state-owned industry while dumping its products into our market, and American workers have already paid the price," union president Leo W. Gerard said in a statement.

Located just west of Alabama's largest city, Fairfield Works is a major part of Birmingham's past as a steel-producing city, the so-called "Pittsburgh of the South."

The Birmingham suburb of Fairfield was a planned company town that grew up around the mill in the early 1900s, according to the Encyclopedia of Alabama. More than 40,000 people were employed at Fairfield Works making steel during World War II, and about 11,000 people now live in Fairfield.

The region's steel industry began a slow decline about 50 years ago, and medical and financial industries now dominate Birmingham's economy.

"GTP"
View attachment 47625
One month is just one month, and, as always, these numbers are subject to dramatic revisions. But with January through September in the books, there is enough data from the year for economist Bill McBride to think about putting champagne on ice, if not quite popping the corks. The economy is "on pace to be the best year for both total and private sector job growth since 1999," he writes. The following graph compares our 2014 trend line with the last 14 years of job creation.*

So, subtract the 1100 from the millions of jobs added since 2010. Best job creation record ever!!!
 
Maybe trade practices unfair to U.S. companies?
Steel dumping blamed for Iron Range layoffs Minnesota Public Radio News

From the Article:

The closing of plants and mills comes from a glut of steel supplies and the steady decline of prices over the last few months.

Following news of the most recent plant closing, Rep. Jason Metsa, DFL-Virginia, blamed the low prices on "foreign countries for dumping state-subsidized steel on American shores." U.S. Steel officials have also pointed to illegal trade practices by Chinese companies.

Dumping is a frowned upon international trade practice, said Tony Barrett, a professor of economics at the College of St. Scholastica. It's when a company sells steel abroad for cheaper than the cost to produce it because they don't need to make the same level of profits as American steel companies.

"If you have a state-owned steel company in China, their priorities are more staying in operation, keeping employment high, keeping their workers happy," Barrett said. "They don't need to make the profits that a U.S. Steel company would have to — we can't do it in this country because we have stockholders that wouldn't tolerate it."

Barrett said while it's almost certain that foreign companies are dumping steel in the U.S. market, the process for challenging the practice is long and complex.

EDIT: Not directly related to the OP, but the reason is probably the same since it's an ongoing situation.
Probably? Thanks for your economically illiterate opinion.
Unless you can come up with information to the contrary that disproves what I posted - which you haven't, I see - then I feel that my "illiterate opinion" is a valid one.
 
Yo, yes folks, the Economy is Booming!!! Go Obama? Maybe straight to Hell!!!

US Steel idling Alabama mill; about 1,100 jobs affected



Aug. 17, 2015 3:39 PM EDT

FAIRFIELD, Ala. (AP) — U.S. Steel Corp. said Monday that it will close its Fairfield Works mill, one of the largest remaining pieces from Birmingham's years as a Southern steel-making giant.

The decision will affect about 1,100 workers at the roughly century-old plant, company spokeswoman Sarah Cassella said. It was unclear whether employees might be able to move to other jobs within the Pittsburgh-based company.

An adjoining plant that employs about 700 people will continue making steel pipe, the company said, and construction of an electric arc furnace will continue on the property. An associated galvanizing operation will keep operating in Jackson, Mississippi, U.S. Steel said.

But the blast furnace and other operations at Fairfield Works will close around Nov. 17.

"Any time you're talking about a major layoff, it's no good news at all," Fairfield Mayor Kenneth Coachman said.

The plant is just outside the city limits of its namesake town, but Coachman said many workers still live in Fairfield.

"It will be a tremendous loss to them and their families," he said.

In a statement from U.S. Steel, CEO Mario Longhi said the shutdown was needed to improve the efficiency and cost structure of the company's rolled-steel segment.

"We have made some difficult decisions over the last year as part of our portfolio optimization," Longhi said.

U.S. Steel announced temporary shutdowns earlier this year at two facilities in Minnesota, resulting in more than 1,000 layoffs. The domestic steel industry has been buffeted for years by low prices and foreign imports.

The United Steelworkers blamed the decision on unfair foreign competition.

"In particular, China has repeatedly violated international trade rules to bolster its state-owned industry while dumping its products into our market, and American workers have already paid the price," union president Leo W. Gerard said in a statement.

Located just west of Alabama's largest city, Fairfield Works is a major part of Birmingham's past as a steel-producing city, the so-called "Pittsburgh of the South."

The Birmingham suburb of Fairfield was a planned company town that grew up around the mill in the early 1900s, according to the Encyclopedia of Alabama. More than 40,000 people were employed at Fairfield Works making steel during World War II, and about 11,000 people now live in Fairfield.

The region's steel industry began a slow decline about 50 years ago, and medical and financial industries now dominate Birmingham's economy.

"GTP"
View attachment 47625

damn, you're stupid. :cuckoo:
 
Maybe trade practices unfair to U.S. companies?
Steel dumping blamed for Iron Range layoffs Minnesota Public Radio News

From the Article:

The closing of plants and mills comes from a glut of steel supplies and the steady decline of prices over the last few months.

Following news of the most recent plant closing, Rep. Jason Metsa, DFL-Virginia, blamed the low prices on "foreign countries for dumping state-subsidized steel on American shores." U.S. Steel officials have also pointed to illegal trade practices by Chinese companies.

Dumping is a frowned upon international trade practice, said Tony Barrett, a professor of economics at the College of St. Scholastica. It's when a company sells steel abroad for cheaper than the cost to produce it because they don't need to make the same level of profits as American steel companies.

"If you have a state-owned steel company in China, their priorities are more staying in operation, keeping employment high, keeping their workers happy," Barrett said. "They don't need to make the profits that a U.S. Steel company would have to — we can't do it in this country because we have stockholders that wouldn't tolerate it."

Barrett said while it's almost certain that foreign companies are dumping steel in the U.S. market, the process for challenging the practice is long and complex.

EDIT: Not directly related to the OP, but the reason is probably the same since it's an ongoing situation.
Probably? Thanks for your economically illiterate opinion.
Unless you can come up with information to the contrary that disproves what I posted - which you haven't, I see - then I feel that my "illiterate opinion" is a valid one.
I read the article. Says nothing about this plant. US Steel was in trouble and Longhi was brought in to reduce costs, to modernize. And if the president is too blame for the 1000 jobs lost, he gets credit for the 8 million jobs created, right.
 
Maybe trade practices unfair to U.S. companies?
Steel dumping blamed for Iron Range layoffs Minnesota Public Radio News

From the Article:

The closing of plants and mills comes from a glut of steel supplies and the steady decline of prices over the last few months.

Following news of the most recent plant closing, Rep. Jason Metsa, DFL-Virginia, blamed the low prices on "foreign countries for dumping state-subsidized steel on American shores." U.S. Steel officials have also pointed to illegal trade practices by Chinese companies.

Dumping is a frowned upon international trade practice, said Tony Barrett, a professor of economics at the College of St. Scholastica. It's when a company sells steel abroad for cheaper than the cost to produce it because they don't need to make the same level of profits as American steel companies.

"If you have a state-owned steel company in China, their priorities are more staying in operation, keeping employment high, keeping their workers happy," Barrett said. "They don't need to make the profits that a U.S. Steel company would have to — we can't do it in this country because we have stockholders that wouldn't tolerate it."

Barrett said while it's almost certain that foreign companies are dumping steel in the U.S. market, the process for challenging the practice is long and complex.

EDIT: Not directly related to the OP, but the reason is probably the same since it's an ongoing situation.
Probably? Thanks for your economically illiterate opinion.
Unless you can come up with information to the contrary that disproves what I posted - which you haven't, I see - then I feel that my "illiterate opinion" is a valid one.
I read the article. Says nothing about this plant. US Steel was in trouble and Longhi was brought in to reduce costs, to modernize. And if the president is too blame for the 1000 jobs lost, he gets credit for the 8 million jobs created, right.
Even though the article didn't mention the particular plant in the OP, it stands to reason that it was closed because of the same factors that closed other plants - a glut of steel supplies and the steady decline of prices.
The only blame I placed for the job losses was on unfair trade practices allowing our market to be flooded with an artificially cheaper product.
 
Maybe trade practices unfair to U.S. companies?
Steel dumping blamed for Iron Range layoffs Minnesota Public Radio News

From the Article:

The closing of plants and mills comes from a glut of steel supplies and the steady decline of prices over the last few months.

Following news of the most recent plant closing, Rep. Jason Metsa, DFL-Virginia, blamed the low prices on "foreign countries for dumping state-subsidized steel on American shores." U.S. Steel officials have also pointed to illegal trade practices by Chinese companies.

Dumping is a frowned upon international trade practice, said Tony Barrett, a professor of economics at the College of St. Scholastica. It's when a company sells steel abroad for cheaper than the cost to produce it because they don't need to make the same level of profits as American steel companies.

"If you have a state-owned steel company in China, their priorities are more staying in operation, keeping employment high, keeping their workers happy," Barrett said. "They don't need to make the profits that a U.S. Steel company would have to — we can't do it in this country because we have stockholders that wouldn't tolerate it."

Barrett said while it's almost certain that foreign companies are dumping steel in the U.S. market, the process for challenging the practice is long and complex.

EDIT: Not directly related to the OP, but the reason is probably the same since it's an ongoing situation.
Probably? Thanks for your economically illiterate opinion.
Unless you can come up with information to the contrary that disproves what I posted - which you haven't, I see - then I feel that my "illiterate opinion" is a valid one.
I read the article. Says nothing about this plant. US Steel was in trouble and Longhi was brought in to reduce costs, to modernize. And if the president is too blame for the 1000 jobs lost, he gets credit for the 8 million jobs created, right.
Even though the article didn't mention the particular plant in the OP, it stands to reason that it was closed because of the same factors that closed other plants - a glut of steel supplies and the steady decline of prices.
The only blame I placed for the job losses was on unfair trade practices allowing our market to be flooded with an artificially cheaper product.
So, you want the government to step in, prop up U.S. Steel, cause the price of steel to rise here which would lead to the loss of jobs in the industries that buy the steel. All to save 1000 jobs in a 100 year old, inefficient plant. How long have you been a socialist?
 
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The Economy is failing because of all that warm weather, it's just too hot to go outside. Plus Gas is too cheap, can't drive anywhere.
 
Maybe trade practices unfair to U.S. companies?
Steel dumping blamed for Iron Range layoffs Minnesota Public Radio News

From the Article:

The closing of plants and mills comes from a glut of steel supplies and the steady decline of prices over the last few months.

Following news of the most recent plant closing, Rep. Jason Metsa, DFL-Virginia, blamed the low prices on "foreign countries for dumping state-subsidized steel on American shores." U.S. Steel officials have also pointed to illegal trade practices by Chinese companies.

Dumping is a frowned upon international trade practice, said Tony Barrett, a professor of economics at the College of St. Scholastica. It's when a company sells steel abroad for cheaper than the cost to produce it because they don't need to make the same level of profits as American steel companies.

"If you have a state-owned steel company in China, their priorities are more staying in operation, keeping employment high, keeping their workers happy," Barrett said. "They don't need to make the profits that a U.S. Steel company would have to — we can't do it in this country because we have stockholders that wouldn't tolerate it."

Barrett said while it's almost certain that foreign companies are dumping steel in the U.S. market, the process for challenging the practice is long and complex.

EDIT: Not directly related to the OP, but the reason is probably the same since it's an ongoing situation.
From the article you linked to:
"Barrett said while it's almost certain that foreign companies are dumping steel in the U.S. market, the process for challenging the practice is long and complex.

"A company like U.S. Steel would have to go to court at the Department of Commerce and the International Trade Commission and claim they've been materially harmed by illegally dumped steel," Barrett said."It's time consuming to do."

So, has US Steel gone to Court yet?
 
"Free Trade" - When US Companies have to go to International Courts for relief from Unfair Trade Practices.
 
Dear little corksmokers, you would prefer to go back to the loss of 500,000 jobs a month, like we had the last time the GOP was in power?
 

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