Minnesota’s iron mining industry is facing new market realities. In 2015, while the broader American economy grew modestly, global market conditions and competitive pressures from overseas resulted in the idling of iron ore mines and layoffs for thousands of people who work in the mining industry. The numerous businesses that provide support to the mining…
Read more »by Peter Buxbaum, American Journal of Transportation Three leading U.S. steel companies have reported enhanced profitability recently, in one case, less egregious negative results. All three attribute their brighter financial picture to falling steel imports and those thanks to the trade sanctions the United States government has imposed on foreign steel producers, most notably China,…
Read more »by Northwest Indiana Times, July 20, 2016 The U.S. Department of Commerce is looking at slapping tariffs of up to 59 percent on heavy walled structural tubing steel from Korea, Mexico and Turkey. U.S. steelmakers had sought tariffs on the steel products that are used in oil exploration and energy production, and often shaped from…
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