Thursday, May 2, 2019

Your Good News of the Day: US Steel will invest a billion dollars in a steel facility in Pittsburgh. Pennsylvania. A swing state.

(U.S. Steel) United States Steel Corporation is investing more than $1 billion in the place where our reputation as a trusted industry leader was first forged more than a century ago: our Mon Valley Works near Pittsburgh.
The investment involves the construction of a cutting-edge, sustainable endless casting and rolling facility at Mon Valley’s Edgar Thomson Plant in Braddock, Pa., – the first of its kind in the United States – and a new cogeneration facility with state-of-the-art emissions control technology at the nearby Clairton Plant in Clairton, Pa. (link)
Despite opposition from Wall Street republicans and democrats purchased by K-Street lobbyists, the administration policy has been exceptionally successful at driving investment into the U.S. manufacturing base.  The multinationals are furious.

Well, let them be mad.  I like my steel industry right here in the good old USA.