Saturday, June 22, 2019

Steel industry begins to idle plants, shows signs of weakness — despite Trump’s support - The Washington Post

U.S. Steel announced it will temporarily halt production at two domestic plants despite the boost from the Trump administration's tariffs, as a steel industry singled out for federal support shows signs of weakening. On Tuesday, U.S. Steel said it would temporarily halt operations at a blast furnace near Detroit as well as one in Gary, Ind., on the shore of Lake Michigan. U.S. Steel will be idling a third plant in Europe, the company said. ....
https://www.washingtonpost.com/business/2019/06/19/steel-industry-begins-idle-plants-shows-signs-weakness-despite-trumps-support/

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