Keyword: steel

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  • China to cut import tariffs on wide range of products

    09/30/2018 2:56:29 PM PDT · by JME_FAN · 50 replies
    Reuters ^ | SEPTEMBER 30, 2018 | Reuters
    BEIJING (Reuters) - China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday.
  • Cracked steel beam found at Transbay Transit Center could imperil operations

    09/25/2018 7:38:04 PM PDT · by artichokegrower · 59 replies
    San Francisco Chronicle ^ | September 25, 2018 | Matier & Ross
    The crack discovered Tuesday in a steel beam that supports the roof garden of the new, $2.2 billion Transbay Transit Center — forcing the terminal’s abrupt closure just as rush-hour was getting going — is the latest headache for the 2 1/2 block long transit hub.
  • Nailed by Steel Tariffs: Trump protectionism is driving a Missouri company to the brink.

    09/10/2018 8:36:08 AM PDT · by reaganaut1 · 97 replies
    Wall Street Journal ^ | September 9, 2018
    When President Trump promised to make America great again, the employees at Mid Continent Nail in Missouri probably didn’t expect he would put them out of work. But the steel tariffs imposed in June have the company hanging by a thread. Mid Continent is the largest nail manufacturer in the U.S. and has been in Missouri for more than 25 years. It had 500 employees at its Popular Bluff plant and was the second largest employer in the small town before the Trump tariffs hit. The trouble for Mid Continent is that foreign producers making nails abroad use low-price steel...
  • EU Trade Commissioner Gives Ground: We’re Willing To Drop Auto Tariffs To Zero

    08/30/2018 3:37:14 PM PDT · by mandaladon · 51 replies
    Hot Air ^ | 30 Aug 2018 | John Sexton
    EU Trade Commissioner Gives Ground: We’re Willing To Drop Auto Tariffs To Zero (If The US Will Do The Same)(Full Title) President Trump’s hard line on tariffs has won a significant concession from the European Union, at least the promise of one. Trump has been warning all summer that he could add a tariff on automobile imports which would have a significant impact on automakers in Europe (as well as Japan and Mexico). Today the European Union Trade Commissioner Cecilia Malmstrom said the EU was willing to drop all of its existing tariffs on cars and other goods to zero...
  • Russia Offers 2.5 Million Acres of Land to Chinese Farmers

    08/14/2018 11:34:12 AM PDT · by CondoleezzaProtege · 12 replies
    South China Morning Post ^ | Aug 14, 2018 | Sarah Zheng
    Russia has made 1 million hectares (2.5 million acres) of arable land available to foreign investors – and while that could be boon for Beijing as it struggles with limited supplies of soybeans in its trade war with the US, analysts are concerned about the quality of the plots available. Valery Dubrovskiy, director of investment for the Far East Investment and Export Agency, a non-profit organisation, said on Tuesday that several Chinese companies had already expressed an interest in the deal. With the China-US trade war showing no signs of abating, and after Beijing slapped 25 per cent tariffs on...
  • FBI fires Peter Strzok over anti-Trump texts

    08/13/2018 8:13:01 AM PDT · by DCBryan1 · 239 replies
    CNBC ^ | 13 AUG 18 | Tucker Higgins | Kevin Breuninger
    The FBI has fired Peter Strzok over ant-Trump text messages he exchanged with his lover during the 2016 presidential campaign, Strzok's lawyer confirmed Monday. This story is developing. Please check back for updates.
  • Trump fires up the charm with Downstate steel workers: ‘I could be one of you’

    07/28/2018 6:57:36 PM PDT · by 11th_VA · 30 replies
    Chicago Sun Times ^ | July 28, 2018 | Neil Steinberg
    “We need steel,” he said. “We need steel plants. And to see an old, big monster plant like this re-opening — that is an honor. I look at the faces of you people; I could be one of you. I like you guys. I could be one of you.” That struck me as either sincere or an amazing facsimile. The workers, for their part, couldn’t give him a standing ovation because they never sat down. I left the hall thinking: Donald Trump is going to be re-elected in 2020. The Democrats don’t have anyone who can touch him. Bank on...
  • MUST-SEE: Steelworker Brought to Tears While Talking About How Trump Has Helped American Workers

    07/27/2018 6:42:36 PM PDT · by 2ndDivisionVet · 14 replies
    Fox News ^ | July 27, 2018
    (VIDEO-AT-LINK)President Donald Trump on Thursday spoke at a newly reopened U.S. Steel mill in the St. Louis-area town of Granite City, Illinois, calling the plant's reopening a "great victory" and an "honor." Officials with U.S. Steel said tariffs enacted by Trump led to the decision to restart a blast furnace at the mill, which brought back 500 jobs. The company has promised an additional 300 jobs by October, when it plans to restart a second blast furnace. After Trump's speech, KSDK News spoke to a steelworker who got emotional when discussing all the president has done for American workers....
  • Illinois protesters greet Trump with giant 'Trump chicken'

    07/26/2018 7:29:06 PM PDT · by 2ndDivisionVet · 28 replies
    The Hill ^ | July 26, 2018 | Aris Folley
    Protesters greeted President Trump on his visit to Granite City, Ill., with a giant balloon depicting him as a chicken. Trump delivered remarks at the U.S. Steel Co.'s Granite City Works, where he also took credit for the plant’s reopening following his increased tariffs on imports. Protesters lined up hours ahead of his visit to greet the president with the “Trump chicken” balloon and numerous signs attacking the president as a “liar,” calling for his impeachment, and slamming his controversial “zero-tolerance” immigration policy. (TWEET-AT-LINK) Last week, another 33-foot-tall inflatable blimp depicting Trump as a chicken captured headlines after it was...
  • Trump hails Illinois steel mill as an economic success story (excellent vid at story)

    07/26/2018 6:24:40 PM PDT · by God luvs America · 18 replies ^ | Jul 26, 2018 6:24 PM EDT | Stephanie Baumer
    GRANITE CITY, Ill. (AP) — President Donald Trump on Thursday trumpeted the renewed success of an Illinois steel mill, pushing back against criticism that his escalating trade disputes are hurting American workers and farmers. The president pointed to the U.S. Steel plant's reopening as a success story after he slapped tariffs on imported steel and aluminum last spring. On Wednesday, he and European leaders agreed to open talks on trade, a decision he called a breakthrough. "America never surrenders," Trump said in an address to workers at the company's steel coil warehouse in Granite City. "We don't wave the white...
  • Steel Worker Cries Talking About Donald Trump at Reopened Granite City, US Steel Plant

    07/26/2018 6:54:11 PM PDT · by Revel · 21 replies
    GP ^ | 07/26/18 | Jim Hoft
    President Trump traveled to Granite City, Illinois to speak to steelworkers at the US Steel plant that reopened this year. Since President Trump enacted tariffs on foreign steel imports U.S. Steel has decided to restart both furnaces, meaning the return of 800 jobs. This afternoon local KSDK reporter spoke with one of the steelworkers at the Granite City plant. The man says he is a third generation steelworker and was out of work for two-and-a-half years. He then cries as he talks about President Trump and the life he has brought back to this eastern Illinois community. US Steel Worker:...
  • Watch Obama Treasury Sec. Get News of Trump Trade Win while Bashing Trump Tariffs! – Video 7/25/18

    07/26/2018 5:03:54 AM PDT · by Federalist Patriot · 29 replies
    Freedom's Lighthouse ^ | July 26, 2018 | Brian
    It’s too good! Yesterday, former Obama Treasury Secretary Jack Lew was on CNBC bashing President Trump’s Trade Tactics when the news came out that Trump had reached a deal with the European Union! They asked Lew for immediate reaction and he clearly didn’t know what to say. CNBC’s Sara Eisen then directly confronted him: “If this is true, this certainly would be a win for the Administration, and it would show the World that these tough trade tactics are working . . . ."
  • Some Good Trade News

    07/26/2018 4:43:00 AM PDT · by reaganaut1 · 20 replies
    Wall Street Journal ^ | July 25, 2018
    The meeting on trade Wednesday between President Trump and European Commission President Jean-Claude Juncker had all the makings of a potential crackup, but in the event it provided the best economic news in weeks. Financial markets were clearly pleased, as stocks rose across the board before the closing bell on the statements by the two presidents after their White House session. Call it a relief rally. The two sides essentially declared a tariff truce, pending negotiations on a larger trade deal between the 28-nation European Union and the U.S. Mr. Trump agreed to step back from his threat of 25%...
  • American Steel Workers Applaud Trump’s Trade Agenda: ‘U.S. Has Been Taken Advantage of Too Long’....

    07/23/2018 9:49:25 PM PDT · by caww · 9 replies
    Bretbart ^ | 7/23/2018 | John Binder
    American steel workers at Banner Metals — which distributes metals — said they support Trump’s fair trade agenda wherein the populist president has placed a 25 percent tariff on imported steel and a ten percent tariff on imported aluminum. Bronson Jones, who co-owns Banner Metals, told the Times‘ Nelson Schwartz that he sees the tariffs and Trump’s moves to hold China accountable on trade as a benefit to the American economy in the long term. “I’m not looking at what’s best for Banner right now. I’m looking at what’s best for the national economy,” Jones said. “The U.S. has been...
  • Republic Steel hiring 50 workers for Canton plant, holding hiring event ($19 to $23/hr in Ohio)

    07/23/2018 6:43:09 PM PDT · by 2ndDivisionVet · 8 replies
    WEWS-TV ^ | July 20, 2018 | Drew Scofield
    CANTON, Ohio - Republic Steel in Canton is adding an additional shift and plans to hire 50 people to fill various open positions at the company. The company is hiring for labor technician, crane operator, mechanical maintenance and maintenance electrical techs. The jobs pay between $19 and $23 per hour, plus incentives. Republic Steel offers the following to employees: •Medical, dental and vision benefits •401K •Pension towards Steelworks Pension Trust •Profit sharing plan •Shift premiums and Sunday premiums •Growth opportunity A two-session hiring event will be held at the Courtyard Marriott, 4375 Metro Circle NW, Canton, on July 26. The...
  • Trump visits Granite City Thursday, home to reopened U.S. Steel mill (Illinois)

    07/22/2018 8:11:10 PM PDT · by 2ndDivisionVet · 17 replies
    The Chicago Sun Times ^ | July 22, 2018 | Lynn Sweet
    President Donald Trump is making his first visit to Illinois since becoming president, making a stop in Granite City on Thursday where he is expected to tout the reopening of a U.S. Steel Corp. mill. The White House announced Sunday night Trump will swing through Granite City, in southern Illinois near St. Louis and Dubuque, Iowa, on Thursday. The Trump administration has been highlighting U.S. Steel’s Granite City mill as a trade war success story even as the tariffs have sparked concerns in other sectors, with alarms sounded by Illinois farmers whose main crop is soybeans. The visit will have...
  • Nucor profit doubles as Trump's steel tariffs drive demand higher

    07/20/2018 4:59:29 AM PDT · by GonzoII · 6 replies
    Washington Times ^ | July 19, 2016 | Daniel Strauss
    Nucor posted the highest second-quarter profit in its history as the steelmaker ramped up output to meet demand from President Trump's 25 percent tariffs on imports from overseas competitors. The Charlotte, N.C.-based company has benefited as Trump's duties reduced so-called dumping of illegally subsidized metals in the U.S. from foreign producers, said Chief Executive Officer John Ferriola. China, in particular, has long been criticized for undercutting steel prices, which harms American manufacturers. "The tariffs send a clear message that the U.S. is done asking nicely for compliance with the rules of trade and is serious about demanding changes in the...
  • Senate takes symbolic shot at Trump tariffs

    07/12/2018 12:17:43 AM PDT · by granada · 24 replies
    the Hill ^ | 11/07/18 | JORDAIN CARNEY
    The Senate on Wednesday took a symbolic shot at President Trump’s trade policy amid anxiety on Capitol Hill over his tariff strategy. Senators voted 88-11 to instruct lawmakers hashing out a deal on a government funding bill to include language “providing a role for Congress” on tariffs implemented for national security reasons, known as Section 232 of the trade laws. The vote is nonbinding, meaning lawmakers don’t have to add trade language into the funding bill. But the vote margin, with more senators supporting it than the amount needed to override a veto, underscores the depth of concern on Capitol...
  • Are we stuck with cement?

    06/29/2018 12:23:17 PM PDT · by rktman · 56 replies ^ | 6/28/2018 | Mike Disabato
    Earlier this year, Sara Law of the Carbon Disclosure Project raised her hand at a conference in New York on government and private sector initiatives to address climate change. She politely asked the panel, which had been assembled to discuss opportunities for investing in low-carbon infrastructure, whether they knew how much cement each project might require. The panel members shifted uncomfortably in their seats and chuckled; no one jumped in immediately to respond. The problem is that many of these projects require concrete. A lot of concrete. This worries Law and her colleagues at the Carbon Disclosure Project, a non-profit...
  • Construction, hiring for Nucor steel mill in Sedalia nearly underway (250 jobs in Missouri)

    06/23/2018 3:00:42 PM PDT · by 2ndDivisionVet · 17 replies
    The Sedalia Democrat ^ | June 22, 2018 | Nuria Martinez-Keel
    Preparations are in full swing for Nucor Steel Sedalia LLC as the company works to establish its steel rebar micro-mill. Nucor’s local staff are operating temporarily from the J.A. Lamy Manufacturing Co. building as they oversee the lengthy process of building the third steel micro-mill in the United States. Vice President and General Manager Kevin Van De Ven said Nucor is aiming to have the facility operational by the fourth quarter of 2019. Construction contractors are in the middle of compacting and leveling dirt before building can begin. The next step will involve receiving the necessary permits to start construction....