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US Steel credits Trump as it restarts construction on factory

7

While the crazy Democrats advocate for socialism, the Trump economy is on fire. The Democrats and the mainstream media are in for a very rude awakening in 2020. #Trump2020.

US Steel credits Trump as it restarts construction on factory

Related: US economy grew at solid 3.1% rate in first quarter

Related:  NBC News Analyst Declares DONALD TRUMP the Winner of Democratic Debate

By Associated Press, June 27, 2019:

US Steel Corp. will restart construction on an idled manufacturing facility in Alabama, and it gave some of the credit to President Donald Trump’s trade policies in an announcement Monday.

Trump’s “strong trade actions” are partly responsible for the resumption of work on an advanced plant near Birmingham, the Pittsburgh-based company said in a statement. The administration’s tariffs have raised prices on imported steel and aluminum.

The manufacturer also cited improving market conditions, union support and government incentives for the decision.

Work will resume immediately, the company said, and the facility will have an annual capacity of 1.6 million tons.

US Steel said it also will update other equipment and plans to spend about $215 million, adding about 150 full-time workers. The furnace is expected to begin producing steel in late 2020.

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