Posted on Dec 22, 2017
Steelworkers thought they had an ally in Trump, but their jobs are still in trouble
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Posted 7 y ago
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‘Hurting us more than he knows’: Steelworkers feel forgotten by Trump after layoffs announced
President Donald Trump pledged regularly to help out American steelworkers during the 2016 presidential campaign by enacting tariffs on foreign steel imports.
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SSgt Gary Andrews
Hurting them more than he knows? IMHO, he knows, and knew all along this would happen. He ran a con on them to get himself elected......now he couldn't care less. Their fault for believing a con man.
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It depends on what Steel Industry your referring to. Parts of the Steel Industry are thriving (mini-mills) other parts not so (very large mills). I note in Wisconsin we have Charter Steel and Wire, they are doing so well finanically they have their own 5 car private passenger train they store in the Milwaukee Amtrak Depot painted in two tone gray. I believe they are still hiring even today but I have not checked. So it depends. A lot of the mini-mills ate the larger mills business because the larger mills are not as efficient in the smaller or specialty lots of steel that are more in demand today. President Trump is not responsible for a industry that is changing because demand for it's products are changing. Only in Socialist Countries will you see huge state run or partially state financed steel mills doing OK. In some parts of Europe they have fallen on hard times just as they have in the U.S.
Also, ArcelorMittal is a European Steel company, I bought their stock about 8 months ago about $7,000 worth because it was cheap and recommended by the Motley Fool. The stock price has increased by at least 15% if not more (have not checked recently). So as a company they are not doing too badly though most of the increase was due to their large mill in Europe. I don't know anything about their American held mills.
Trumps infrastructure plan is comming in 2018 possibly 2019 he stated in the last few days he is pushing it back because it should be easy to pass but they need to address something else first (forget what he said it was). They do need to replace a lot of bridges in this country. One large bridge that needs replacing is the rail bridge across the Mississippi at St Louis which I will travel over again this Sunday. That sucker is 4-5 miles long with the approaches and loaded with steel. Currently trains have to slow to 15-20 mph to cross it..........which if your on a passenger train can be aggravatingly slow. I believe it is on the docket for replacement and waiting on federal funding as most of the rest of the St. Louis to Chicago track is rated for 110 mph operation.
Also, ArcelorMittal is a European Steel company, I bought their stock about 8 months ago about $7,000 worth because it was cheap and recommended by the Motley Fool. The stock price has increased by at least 15% if not more (have not checked recently). So as a company they are not doing too badly though most of the increase was due to their large mill in Europe. I don't know anything about their American held mills.
Trumps infrastructure plan is comming in 2018 possibly 2019 he stated in the last few days he is pushing it back because it should be easy to pass but they need to address something else first (forget what he said it was). They do need to replace a lot of bridges in this country. One large bridge that needs replacing is the rail bridge across the Mississippi at St Louis which I will travel over again this Sunday. That sucker is 4-5 miles long with the approaches and loaded with steel. Currently trains have to slow to 15-20 mph to cross it..........which if your on a passenger train can be aggravatingly slow. I believe it is on the docket for replacement and waiting on federal funding as most of the rest of the St. Louis to Chicago track is rated for 110 mph operation.
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