US Steel Cancels $1.5Billion Expansion Thanks To Bidenomics - Page 3
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    If you ask Biden what he thinks of this steel project being closed down... when a teleprompter is not around, he would probably say Well...if anyone is stealing anything they should be shut down...except for Hunter of course..the Harris/Biden administration will look into it

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    Did any of you listen to the presser from US Steel?

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    Quote Originally Posted by Trboatworks View Post
    Did any of you listen to the presser from US Steel?
    The part about "decarbonization"?

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    No- the whole presser and also a look at the projects total trajectory from inception to abandonment.

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    Quote Originally Posted by D.Minnich View Post
    If you ask Biden what he thinks of this steel project being closed down... when a teleprompter is not around, he would probably say Well...if anyone is stealing anything they should be shut down...except for Hunter of course..the Harris/Biden administration will look into it
    Ha-Ha!

    Actually I think Biden was in Pittsburgh Wednesday selling rebuilding infrastructure and I wonder if the handpicked reporter pool was even allowed to ask about the USS decision. Might have been too much for Joe to have to respond to an unscripted question.

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    Quote Originally Posted by Trboatworks View Post
    No- the whole presser and also a look at the projects total trajectory from inception to abandonment.
    So why hold us in suspense? Why did USS pull the plug on the project?

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    Default US Steel Cancels $1.5Billion Expansion Thanks To Bidenomics

    Aside from the big, easy-money “tech” companies, virtually all of corporate America is ran by conservatives. (Low taxes, low regulations, and all that....)

    So, it shouldn’t come as a shock when corporate America makes decisions based on policies and rhetoric coming out of Washington. (Large companies employ legions of accountants and tax lawyers to help make planning decisions based on tax and regulation policy.)

    The Fortune 5000 companies write the checks that make the economy go around (not the government or the people), so what they do is important to our country!

    It is dumb to think shoving liberal policies down corporate America’s throat will ultimately benefit the middle class.

    Most liberals are out to “punish” corporate America, primarily because of their hatred of success achieved by hard work, and their envy of others who have more.

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    Quote Originally Posted by cnctoolcat View Post
    Aside from the big, easy-money “tech” companies, virtually all of corporate America is ran by conservatives. (Low taxes, low regulations, and all that....)

    So, it shouldn’t come as a shock when corporate America makes decisions based on policies and rhetoric coming out of Washington. (Large companies employ legions of accountants and tax lawyers to help make planning decisions based on tax and regulation policy.)

    The Fortune 5000 companies write the checks that make the economy go around (not the government or the people), so what they do is important to our country!

    It is dumb to think shoving liberal policies down corporate America’s throat will ultimately benefit the middle class.

    Most liberals are out to “punish” corporate America, primarily because of their hatred of success achieved by hard work, and their envy of others who have more.
    Pretty much nails it!

    Would like to add...don't forget that some corporations need to understand..."Go Woke---Go Broke"

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    Quote Originally Posted by standardparts View Post
    "Where to invest"? Good question. Maybe in regards to making steel you go where the steel is needed. Since NAFTA is gone that could mean a location anywhere in North America. Let's think here a minute as to where labor and regulations might be more attractive along with taxes. Now throw in mandates that demand business is required to implement paid time off, unionization, along with other programs designed to correct social injustice. Oh....how about setting up a remelt mill where auto manufacturing and maybe washing machines and steel for construction is being located? Simple----South of the border. Joe Biden dictates new rules and manufacturing will deal with it. Am sure China can deal with it. Nucor just did-- along with a Japanese partner. Stay tuned...Hey man I got it..A solution to the crisis on the border! Manufacturing jobs to Mexico.
    Yes good thinking. The world is very much set up to just send things like this where they will. Disregarding what the American experience and promise then any manner of options are pursued and not many are savvy to how a exodus of manufacturing badly effects that ideal and goal. What the hey we decided to fight to have a country with values leadership and even a constitution.

    These constructs can be likened to a travel lane on a highway. Keeping it in my lane or on the case of the country our lane should mean for the good of the country. Often times the way people find it easy to make money they can just consider the law as to changing it or ignoring it safely.

    A country with no borders does not work very well and neither does a country work very well if it’s laws are not followed, nor perhaps even passed in the first place or not enforced.

    USS is trying to modernize and expand their steel mill and someone else already just busted one out whether it be a remelter or not. Tough world a large well known producer can not go fast enough with their plans which by the way was supported by the president before. (Love or hate him)

    Just like with automakers stating the goal of all electric cares by a certain year date. New government new path and purpose the big companies go with the flow depending on their influence and position of value to those who matter.

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    Quote Originally Posted by Trueturning View Post
    Yes good thinking. The world is very much set up to just send things like this where they will. Disregarding what the American experience and promise then any manner of options are pursued and not many are savvy to how a exodus of manufacturing badly effects that ideal and goal. What the hey we decided to fight to have a country with values leadership and even a constitution.

    These constructs can be likened to a travel lane on a highway. Keeping it in my lane or on the case of the country our lane should mean for the good of the country. Often times the way people find it easy to make money they can just consider the law as to changing it or ignoring it safely.

    A country with no borders does not work very well and neither does a country work very well if it’s laws are not followed, nor perhaps even passed in the first place or not enforced.

    USS is trying to modernize and expand their steel mill and someone else already just busted one out whether it be a remelter or not. Tough world a large well known producer can not go fast enough with their plans which by the way was supported by the president before. (Love or hate him)

    Just like with automakers stating the goal of all electric cares by a certain year date. New government new path and purpose the big companies go with the flow depending on their influence and position of value to those who matter.
    Seems to me the Steel is needed in China...at the rate they are pumping out war ships

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    Quote Originally Posted by standardparts View Post
    Pretty much nails it!

    Would like to add...don't forget that some corporations need to understand..."Go Woke---Go Broke"
    Yes trends and peer pressure or social pressure do weigh in fairly stubbornly. Everyone must eval their company and their brand and weigh in on social issues now since corporations are considered themselves as people. In effect we could describe them as a distinct tribe.

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    'trueturning' "New government new path and purpose the big companies go with the flow depending on their influence and position of value to those who matter."

    Exactly!

    Look at the biographies of the USS Board of Directors (and most any other large company) and you can see USS already knew what the new rules would be (maybe even helped write them) and decision making was made quite accurately knowing what the future held for USS. I doubt there was anyone really surprised at the USS announcement other than someone very low on the food chain like the blue collar workers or small businesses in the area.

    Pittsburgh is probably done with steel and has long since charted a new future based on clean air and more than likely a more affluent and educated workforce. I doubt the unions have much muscle to flex anymore as far as demanding jobs go.

    Most probably the future of steel in North America will be decided by Gov't allocation of money and policy and that policy has a lot of moving parts and is multi-dimensional no doubt and can be used to further political ideology and social change. You will see rollbacks of 'right to work' more adapting of 'prevailing wage' and mandatory return to union checkoff.

    No big deal...On the surface the losers might appear to be those of working class status but with universal basic income (by any other name) becoming a fact of life, most will be happy to sit at home as long as Uncle Sugar keeps the checks coming.

    Interesting to watch and comment on but best not to get too worked up over. Downside to some will be watching all that vintage iron go to the scrap pile...scrap prices are GOING TO THE MOON!

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    Quote Originally Posted by Milland View Post
    Well, when you rely on Breitbart to pre-digest the news for you, I guess you'll accept anything they say.

    Or you could see that reality has a different view...

    Steel prices have tripled. Now Bank of America is sounding the alarm - CNN
    LOL! says breitbart is dodgy, then posts CNN to counter... BWAAAAAAAAAAAAHAHAHAHA.

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    Quote Originally Posted by empwoer View Post
    LOL! says breitbart is dodgy, then posts CNN to counter... BWAAAAAAAAAAAAHAHAHAHA.
    Media is Propaganda......All of it.

    I'm honestly not aware of any media outlets at this point that could be considered objective journalism.

    Obviously some are worst than others....But at this point an agenda is the foundation media is built on.

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    Quote Originally Posted by empwoer View Post
    LOL! says breitbart is dodgy, then posts CNN to counter... BWAAAAAAAAAAAAHAHAHAHA.
    The CNN piece cites numerous industry experts who have for years gone on public record with their analysis of that industry. If you want to refute specific parts of that article - and the experts' opinions, please share - I'm all ears.

    The breitbart piece was just repeating USS marketing and political spin. Specifically, the only sources cited were politicians and lobbyists. That the article was posted in the _politics_ section should make it clear that it was just a political opinion piece.

    Please cite another source that quotes qualified experts, who have a long record of public analysis.




    Also, here is one of those past articles I posted on steel plant closures, back in Aug 2019.

    U.S. Steel idles blast furnaces, cites lower demand and prices

    And, never bet against America

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    Quote Originally Posted by Alloy Mcgraw View Post
    Media is Propaganda......All of it.

    I'm honestly not aware of any media outlets at this point that could be considered objective journalism.

    Obviously some are worst than others....But at this point an agenda is the foundation media is built on.
    aint that the truth!

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    Quote Originally Posted by Glug View Post
    The CNN piece cites numerous industry experts who have for years gone on public record with their analysis of that industry. If you want to refute specific parts of that article - and the experts' opinions, please share - I'm all ears.

    The breitbart piece was just repeating USS marketing and political spin. Specifically, the only sources cited were politicians and lobbyists. That the article was posted in the _politics_ section should make it clear that it was just a political opinion piece.

    Please cite another source that quotes qualified experts, who have a long record of public analysis.




    Also, here is one of those past articles I posted on steel plant closures, back in Aug 2019.

    U.S. Steel idles blast furnaces, cites lower demand and prices

    And, never bet against America
    "Aug 2019" Long time ago and pre Covid to boot. Cliff notes please relevant to new administration and effects Covid play.

    As far as "never best against Anerica" that certainly would make a great topic for another day.

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    Quote Originally Posted by Phil in Montana View Post
    Except for one little tiny winy little thing...I sure as hell paid more taxes than you ever did (that have been totally wasted) and now under your pride and joy we will watch inflation destroy what is left...Phil
    Brag much?

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    Quote Originally Posted by Trueturning View Post
    I hope it is not a mother like dresses you up for kindergarten every day. Your style is rather frumpy. Cult leaders again? I suppose the world wide search for Q has messed you guys up. Chill out why don’t ya?
    I don't know a single liberal who follows Qanon but I know of several CONservatives who think it's all true. Of course they also believe trump so there isn't much point in even considering their opinions. I don't go for cults. I live in reality.

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    Maybe Biden should do what trump did and go on television and say that we are building six new steel plants right now. The lies seemed to work for trump. Maybe that's the new normal.

    Press release: Biden to build 88 billion new steel mills. It would have worked with the trump cult people. They believe anything. The more crazy, the better.

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