re: U.S. Steel CEO Says 10,000 Jobs To Be Brought Back… All Because Of Trump

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I don't blame them, but until the talk turns to action (like it did with the 1000 Carrier jobs), I'll be optimistic yet skeptical.

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turns out it was only 700 jobs saved, Trump added the other 400 engineering union jobs that were already slated to stay. just a correction

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Trumpkins believe manufacturing jobs have fled the US not because of economics/cheap labor - but because the last 6 or 7 presidents hatd America

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That's an overly simplistic straw man you are building.

I work in an industry that was impacted by environmental regulations enacted 4 years ago. A misunderstanding or a lack of care about those industries and the people who are employed in those industries is not a "fake" problem that you can dismiss. It's real. Those decisions have a real impact on people's lives. They are not without consequences.

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The winning....... when does it stop?!?!?!?

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The scary thing is...he's not even President yet!!!!

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He announced this on November 11th originally

Also, I'm no expert, but I assume U.S. Steel is more of an earlier process of production provider and not really consumer facing. I doubt marketing is very important for them, but I could be wrong

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Stock is up 50% since Nov 11. Pump and Dump Baby!!

They gonna be bigger than Hyman Roth again.

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but I was pointing out how the company has declined from not only the largest steel producer but the largest corporation and first billion dollar company to the 24th largest steel producer in 2015 (13th in 2013).

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US Steel never figured out that they were a materials company, not a steel company. They should have used their might to diversify into aluminum and composites when they had the opportunity.

I'm not familiar with the source of the article. There's something similar on CNBC: LINK

Most steel mills open in the US today are known as minimills, and mostly depend on scrap as a raw material source. Nucor and AccelorMittle are the more well known minimill operators. I've debated if we should restrict exportation of steel scrap to China just to maintain those raw material resources within our borders.

There's actually still a full process mill in Braddock, Pennsylvania known as the Edgar Thomson Works. I believe it is one of the few left in the US today that isn't a minimill. I know US Steel shut down the blast furnace of their Alabama plant within the last year or two.


From CNBC:

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"We already structured to do some things, but when you see in the near future improvement to the tax laws, improvements to regulation, those two things by themselves may be a significant driver to what we're going to do," he said in an interview with CNBC's "Power Lunch."

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It sounds like Trump is talking to big auto, big steel, and other big manufacturers in the US and trying to find out what their issues are and using them to develop policy that can help facilitate growth.

If he can stop the bleeding, that alone would be a huge achievement.

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Shares of the Pittsburgh-based company have soared about 80 percent since Trump's stunning victory on Nov. 8. Investors appear to be betting on increased infrastructure spending, which the president-elect has promised, as well as further restrictions on China-produced steel.

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There are both scrap steel and new steel mills here in Mobile County Alabama, relatively new and ready to go. AN/MS Calvert can produce up to 5.3 million tons of rolled carbon steel products in a year. They can also produce a million tons of stainless.


If that's a minimill I would hate to see a full sized plant

Steel jobs were leaving in the 1970's and Pittsburgh was a ghost town by 1985. I am an avowed Obama hater but those steel mill jobs were long gone by time he took office.

This is great to see. Winning