Another Trump kiss of death: US Steel Industry Has Plenty of Bad News for Trump

[jc456]

Certainly, closing us off from the world is bad for every export industry.

Tariffs are the Wrong Approach

this is what weak minded americans who don't care about jobs say.

 

[Billy_Bob]

US Steele is doing great. Google is the Op's friend. God forbid the idiot actually researched before posting bull shit.

That is all the left has at this point.. Bull Shit...

They think if they can flood the blogosphere with their bull shit people will believe it.. They are desperate to play down the awesome economy because it is the only way they can win the white house next year.

 

[Agit8r]

Certainly, closing us off from the world is bad for every export industry.

Tariffs are the Wrong Approach

this is what weak minded americans who don't care about jobs say.

There will be fewer jobs under a trade war. Because companies that come back will automate. And the jobs in export industries will be much fewer.

 

[Rambunctious]

The OP's link is BS...as usual....fake internet news...
Steelmakers Find Strength to Expand Under Tariffs

U. S. Steel Wins U.S. Dept. of Energy Award to Enhance Advanced High-strength Steel Manufacturing Capabilities | United States Steel Corporation

 

[jc456]

Certainly, closing us off from the world is bad for every export industry.

Tariffs are the Wrong Approach

this is what weak minded americans who don't care about jobs say.

There will be fewer jobs under a trade war. Because companies that come back will automate. And the jobs in export industries will be much fewer.

so, why are you against them coming back and putting americans to work at all? you're completely anti american, admit commy boi!!

 

[Rambunctious]

But...but

What about global tariffs?

Steelmakers Find Strength to Expand Under Tariffs

 

[Rambunctious]

No one no where makes steel like the USA....and the world knows it...maybe the world should tell this silly OP....

 

[Billy_Bob]

But...but

What about global tariffs?

Steelmakers Find Strength to Expand Under Tariffs

With China coming back to the table watch what happens to those sitting on the side lines..Once they have some assurance of what is going to happen it will take off even faster..

 

[Cellblock2429]

Certainly, closing us off from the world is bad for every export industry.

Tariffs are the Wrong Approach

/—-/ The article doesn’t offer an alternative solution, typical reaction of a whiner. So if tariffs are bad, what do you libtards recommend besides doing nothing?

 

[whitehall]

What's the solution to falling steel prices? Blame the President of the United States and snicker? Where does Congress factor in? Are democrats working against America's prosperity? It seems so when left wingers like Bill Maher say "it would be worth having a recession to get rid of Trump". Where were you when Barry Hussein informed America that good factory jobs (like the steel industry) were gone and not coming back?

 

[Rambunctious]

But...but

What about global tariffs?

Steelmakers Find Strength to Expand Under Tariffs

With China coming back to the table watch what happens to those sitting on the side lines..Once they have some assurance of what is going to happen it will take off even faster..

The only thing that is keeping China from the table are our media...they are giving China hope that Trump won't win in 2020....the Chinese would be wise to....wait for it....TURN OFF CNN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[SassyIrishLass]

Certainly, closing us off from the world is bad for every export industry.

Tariffs are the Wrong Approach

this is what weak minded americans who don't care about jobs say.

There will be fewer jobs under a trade war. Because companies that come back will automate. And the jobs in export industries will be much fewer.

They're already automating...been going on for years

 

[jc456]

Certainly, closing us off from the world is bad for every export industry.

Tariffs are the Wrong Approach

this is what weak minded americans who don't care about jobs say.

There will be fewer jobs under a trade war. Because companies that come back will automate. And the jobs in export industries will be much fewer.

They're already automating...been going on for years

people have to maintain the new equipment, it's new jobs, higher paying wages at that. I will never understand an american rooting against another american. It's truly sick shit.

 

[jc456]

QUOTE="Cellblock2429, post: 23002027, member: 58304"]

Certainly, closing us off from the world is bad for every export industry.

Tariffs are the Wrong Approach

/—-/ The article doesn’t offer an alternative solution, typical reaction of a whiner. So if tariffs are bad, what do you libtards recommend besides doing nothing?[/QUOTE]
which is why we lost all of our jobs in the first place. it is amazing the stupid of the left. Never disappoints either.

 

[Agit8r]

Certainly, closing us off from the world is bad for every export industry.

Tariffs are the Wrong Approach

/—-/ The article doesn’t offer an alternative solution, typical reaction of a whiner. So if tariffs are bad, what do you libtards recommend besides doing nothing?

The trade deficit is 3% of GDP. I would recommend find a straw man to beat down which doesn't have such dire consequences to the economy.

And now the US Chamber of Commerce are "libtards"?

 

[toobfreak]

Another Trump kiss of death: US Steel Industry Has Plenty of Bad News for Trump

What is that? Something like 106 kisses of death for Trump?

You've been counting them ever since 2015 when Trump said some illegals coming across the border were rapists and criminals and that Trump liked winners and didn't count McCain as one of them!

Donald Trump must have more lives than a vampire; you've stuck 92 wooden stakes in his heart, 46 cloves of garlic sewn shut in his mouth and yet he still walks and breaths!

 

[jc456]

Certainly, closing us off from the world is bad for every export industry.

Tariffs are the Wrong Approach

/—-/ The article doesn’t offer an alternative solution, typical reaction of a whiner. So if tariffs are bad, what do you libtards recommend besides doing nothing?

The trade deficit is 3% of GDP. I would recommend find a straw man to beat down which doesn't have such dire consequences to the economy.

And now the US Chamber of Commerce are "libtards"?

so nothing eh?

 

[S.J.]

Anyone, on any given day, can find companies whose stock is down that day. They can also find companies whose stock is up that day. I could list a dozen stocks that are down and say "look at all this bad news", then turn around and list a dozen stocks that are up and say "look at all this good news". It means nothing. If I buy the ones that go up, I make money. If I buy the ones that go down, I don't. There is no real point to this thread other than to look for bad news in a good economy so he can say "look at all this bad news".

 

[Cellblock2429]

Certainly, closing us off from the world is bad for every export industry.

Tariffs are the Wrong Approach

/—-/ The article doesn’t offer an alternative solution, typical reaction of a whiner. So if tariffs are bad, what do you libtards recommend besides doing nothing?

The trade deficit is 3% of GDP. I would recommend find a straw man to beat down which doesn't have such dire consequences to the economy.

And now the US Chamber of Commerce are "libtards"?

/——/ Yes, they are libtards on immigration, on Obozocare and now on fighting China’s tariffs and theft of our Intellectual Property.

 

[Cellblock2429]

Saving the US steel industry was one of Trump's reasons for imposing tariffs on steel.

But like all of Donald Trump's gut decisions, it went bust.

"US steel production and capacity utilization ratios have fallen"

"New investments have been put on hold".

Trump is clueless in the White House and his chaotic antics are damaging the USA and the world economy.

US Steel Industry Has Plenty of Bad News for Trump - Market Realist

US Steel Industry Has Plenty of Bad News for Trump
WRITTEN BY MOHIT OBEROI, CFA

The US steel industry might have plenty of bad news for President Trump. The US steel production and capacity utilization ratios have fallen. New investments have been put on hold. There have been some layoffs as well.

US steel stocks including U.S. Steel, AK Steel, and Nucor have fallen sharply in August.
US steel industry
Protecting the US steel industry was among the Trump administration’s key priorities. Last year, President Trump approved a 25% tariff on US steel imports. The administration hoped that the tariffs would give US steel companies a level playing field. Initially, the tariffs propelled US steel companies’ stock prices. There was a wave of new investments and restarts. Last year, US steel production also rose, while imports fell. Despite seemingly strong fundamentals, companies like U.S. Steel (X), AK Steel (AKS), and Nucor (NUE) closed with losses last year.
Things have changed this year
Last year, the US steel industry gave President Trump a lot of good news. President Trump visited U.S. Steel’s Granite City facility last year after the company announced a restart. However, over the last few months, the US steel industry hasn’t had much good news for President Trump. In June, U.S. Steel announced the partial closure of two of its US blast furnaces. In August, U.S. Steel’s regulatory filings showed that it plans to fire some workers in Michigan.
US steel industry and layoffs
U.S. Steel announced the closure of a tin mill. ArcelorMittal (MT) also announced the closure of a tin mill. Both of the closures would lead to more layoffs. Notably, the layoffs are coming shortly after President Trump claimed that the US steel industry is “thriving” under his administration.
US steel industry’s capacity utilization falls
According to the American Iron & Steel Association, the US steel industry’s capacity utilization fell to 79.8% in the week ending August 17. That week, US steel production fell on a weekly and yearly basis. Incidentally, the Department of Commerce intended to increase the US steel industry’s capacity utilization ratio above 80% through the Section 232 tariffs. While US steel production and capacity utilization ratios rose last year, they started to falter over the last few months.
Where are the new investments?
JSW Steel USA has also put a planned expansion on hold. On August 20, S&P Global Platts said, “While JSW USA is fully underway in modernizing the plate mill at Baytown, Texas, given the current market conditions and the prevailing policy environment, the company has for now decided to put on hold the backward integration project of installing an electric arc furnace and slab caster at Baytown.”
However, the steel industry isn’t all gloom and doom. JSW Steel is still ramping up operations at other sites. Recently, Australia’s BlueScope Steel committed $1 billion towards US operations. Australia was among the first countries to get a Section 232 exemption last year.
US steel stocks
US steel stocks are having a hard time in August. U.S. Steel (X), AK Steel (AKS), and Nucor (NUE) have fallen 25.3%, 23.0%, and 13.7%, respectively. All of these stocks are trading with a year-to-date loss. However, broader US market indices are still in the green for the year. Looking at US steel stocks’ price action, markets don’t seem to be buying President Trump’s belief that the US steel industry is “thriving.”

/——/ Oh we got him this time #8,564