US Steel CEO: We're reopening an idled plant and bringing back 500 jobs due to Trump tariffs

[Revmitchell]

TRADE
US Steel CEO: We're reopening an idled plant and bringing back 500 jobs due to Trump tariffs

• We're excited "to tell our employees in the community in Granite City, Illinois, that we will be calling back 500 employees," says CEO David Burritt.
• Burritt says the facility had been idle since December 2015 because of what he called unfair trade practices.

Berkeley Lovelace Jr. | @BerkeleyJr
Published 11:32 AM ET Wed, 7 March 2018 Updated 12:07 PM ET Wed, 7 March 2018CNBC.com


US Steel CEO: We are calling back 500 employees 8:34 AM ET Wed, 7 March 2018 | 02:50
U.S. Steel CEO David Burritt told CNBC on Wednesday his company will reopen a steel plant in the United States due to President Donald Trump's steel and aluminum tariffs.

"We're really excited to be able to tell our employees in the community in Granite City, Illinois, that we will be calling back 500 employees," Burritt said during an interview with "Squawk Box."

The company will restart two blast furnaces and the steelmaking facilities at its Granite City Works integrated plant in Illinois. The restart process could take up to four months.


Burritt said the facility had been idle since December 2015 because of what he called unfair trade practices. "If you don't have customers here to sell to and you can't make money, you have to shut them down," he contended.

US Steel CEO: We're reopening an idled plant and bringing back 500 jobs due to Trump tariffs

 

[carpro]

This has to be kept quiet.

 

[church mouse guy]

I think that things are picking up in Gary, Indiana, also. It is foolish to rely on China for steel, especially since some of their steel has been of very poor quality or substandard and especially since the USA cannot fight a war without manufacturing capability. It seems as if the wall on the southern border is going to use a lot of steel. The wall should help Mexico keep drug money and guns out of Mexico.

 

[Reynolds]

TRADE
US Steel CEO: We're reopening an idled plant and bringing back 500 jobs due to Trump tariffs

• We're excited "to tell our employees in the community in Granite City, Illinois, that we will be calling back 500 employees," says CEO David Burritt.
• Burritt says the facility had been idle since December 2015 because of what he called unfair trade practices.

Berkeley Lovelace Jr. | @BerkeleyJr
Published 11:32 AM ET Wed, 7 March 2018 Updated 12:07 PM ET Wed, 7 March 2018CNBC.com


US Steel CEO: We are calling back 500 employees 8:34 AM ET Wed, 7 March 2018 | 02:50
U.S. Steel CEO David Burritt told CNBC on Wednesday his company will reopen a steel plant in the United States due to President Donald Trump's steel and aluminum tariffs.

"We're really excited to be able to tell our employees in the community in Granite City, Illinois, that we will be calling back 500 employees," Burritt said during an interview with "Squawk Box."

The company will restart two blast furnaces and the steelmaking facilities at its Granite City Works integrated plant in Illinois. The restart process could take up to four months.


Burritt said the facility had been idle since December 2015 because of what he called unfair trade practices. "If you don't have customers here to sell to and you can't make money, you have to shut them down," he contended.

US Steel CEO: We're reopening an idled plant and bringing back 500 jobs due to Trump tariffs

Crumbs, mere crumbs.

 

[just-want-peace]

Seemsect of a few years back I heard some () yo-yo say something to the effect of:
“These jobs are never coming back, get used to it!!”

Surely this was not my imagination, was it???

 

[carpro]

Crumbs, mere crumbs.

And more winning. Democrats hate it.

They are rooting for Trump to fail and the economy to tank.

 

[Reynolds]

And more winning. Democrats hate it.

They are rooting for Trump to fail and the economy to tank.

They are indeed!