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Under Trump, Made in America Is Losing Out to Russian Steel


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Under Trump, Made in America Is Losing Out to Russian Steel

 
An oligarch-owned steel company is winning pipeline contracts, and foreign steel imports are up 24 percent this year. 

Source: Bloomberg 
 
Four days after his inauguration, Donald Trump signed a handful of executive memos to advance the Keystone XL pipeline and revive the U.S. steel industry. He invited builder TransCanada Corp. to reapply for a permit denied by Barack Obama and ordered up fast-track rules forcing not only Keystone but also all new U.S. pipelines to be made from American steel. “From now on, we’re going to be making pipeline in the United States,” he said. 

Made-in-America Keystone was a stunt. Most of its pipes had already been manufactured, a fact the White House grudgingly admitted when it exempted the project from any new Buy American rules a few months later. While some of Keystone’s pipes were made in the U.S., at least a quarter of them came from a Russian steel company whose biggest shareholder is an oligarch and Trump family friend. The company, Evraz North America, supplied Keystone from its steel plants in Canada and for years has lobbied in Washington against Trump-style protectionism. 

Ten months after his Keystone event, Trump has yet to deliver on his pledge to boost the fortunes of American steel. Two self-imposed deadlines for trade action, one in June and one in July, have come and gone. Meanwhile, the prospect of tariffs has led to a surge of cheap foreign steel into the U.S., with imports rising 24 percent in 2017, the fastest increase in years.


Read more: https://www.bloomberg.com/news/articles/2017-10-25/under-trump-made-in-america-is-losing-out-to-russian-steel
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I agree trump needs to deliver. He's not delivering on many campaign promises.

 

That being said Obama made lots of promises and more or less was Bush 2.0 and MC, Snowrider never said a word.   

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All it does is take a little research.  To sit back and constantly blame Trump for stuff is disingenuous.

Trump does need to take action, but can he do it alone?  Obama screwed this up for 8 years allowing the pipes to be made by anyone BUT american steel industry.  Now mc is crying.  Just STFU for once.

Edited by racer254
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6 minutes ago, racer254 said:

All it does is take a little research.  To sit back and constantly blame Trump for stuff is disingenuous.

Trump does need to take action, but can he do it alone?  Obama screwed this up for 8 years allowing the pipes to be made by anyone BUT american steel industry.  Now mc is crying.  Just STFU for once.

hello? Obama didn't want the thing made to begin with, yet you're accusing him of allowing the pipes to be made? my god dude.

 

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3 minutes ago, Snoslinger said:

hello? Obama didn't want the thing made to begin with, yet you're accusing him of allowing the pipes to be made? my god dude.

 

Our military relies on american steel industry

But you complain about the MIC

And you complained about Keystone. 

Tell me, when you constantly complain and stop the ways that American steel can make money what does that make you?

Edited by racer254
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My question is this: What are the new steel contracts from foreign sources? I’d guess the majority of large steel purchases were made at least a year in advance? Is the number being used an accurate representation of the current ordering? I’d be willing to bet it is not. Those numbers represent Steel when it is shipped do they not?

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Tell me what you would do if you are Trump getting told this?

http://www.post-gazette.com/business/pittsburgh-company-news/2017/09/11/Steel-import-curbs-would-harm-economy-industry-leaders-tell-White-House-Trump-tariffs/stories/201709110159

 

Fifteen industry groups are warning President Donald Trump that a proposal to curb steel imports would harm national security, the economy, and the U.S. steel industry.

In a Sept. 7 letter, they said import restrictions would result in critical raw materials shortages for them because many types of steel products are not available from domestic sources.

 

 

Edited by racer254
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3 minutes ago, racer254 said:

Tell me what you would do if you are Trump getting told this?

http://www.post-gazette.com/business/pittsburgh-company-news/2017/09/11/Steel-import-curbs-would-harm-economy-industry-leaders-tell-White-House-Trump-tariffs/stories/201709110159

 

Fifteen industry groups are warning President Donald Trump that a proposal to curb steel imports would harm national security, the economy, and the U.S. steel industry.

In a Sept. 7 letter, they said import restrictions would result in critical raw materials shortages for them because many types of steel products are not available from domestic sources.

 

 

Trump should have called McLiar for his advice :lol:

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2 hours ago, Mainecat said:

Under Trump, Made in America Is Losing Out to Russian Steel

 
An oligarch-owned steel company is winning pipeline contracts, and foreign steel imports are up 24 percent this year. 

Source: Bloomberg 
 
Four days after his inauguration, Donald Trump signed a handful of executive memos to advance the Keystone XL pipeline and revive the U.S. steel industry. He invited builder TransCanada Corp. to reapply for a permit denied by Barack Obama and ordered up fast-track rules forcing not only Keystone but also all new U.S. pipelines to be made from American steel. “From now on, we’re going to be making pipeline in the United States,” he said. 

Made-in-America Keystone was a stunt. Most of its pipes had already been manufactured, a fact the White House grudgingly admitted when it exempted the project from any new Buy American rules a few months later. While some of Keystone’s pipes were made in the U.S., at least a quarter of them came from a Russian steel company whose biggest shareholder is an oligarch and Trump family friend. The company, Evraz North America, supplied Keystone from its steel plants in Canada and for years has lobbied in Washington against Trump-style protectionism. 

Ten months after his Keystone event, Trump has yet to deliver on his pledge to boost the fortunes of American steel. Two self-imposed deadlines for trade action, one in June and one in July, have come and gone. Meanwhile, the prospect of tariffs has led to a surge of cheap foreign steel into the U.S., with imports rising 24 percent in 2017, the fastest increase in years.


Read more: https://www.bloomberg.com/news/articles/2017-10-25/under-trump-made-in-america-is-losing-out-to-russian-steel

Steel prices have been on the rise no matter how much is being imported.   Doubt many on here buys more steel than me.  

http://www.business-standard.com/article/companies/rising-demand-allows-steep-rise-in-steel-prices-117080700667_1.html

Rising demand allows steep rise in steel prices

The approaching festive season and restocking are the reasons

Ishita Ayan Dutt & Aditi Divekar  |  Kolkata/ Mumbai Last Updated at August 8, 2017 01:35 IST

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6 hours ago, Mainecat said:

Under Trump, Made in America Is Losing Out to Russian Steel

 
An oligarch-owned steel company is winning pipeline contracts, and foreign steel imports are up 24 percent this year. 

Source: Bloomberg 
 
Four days after his inauguration, Donald Trump signed a handful of executive memos to advance the Keystone XL pipeline and revive the U.S. steel industry. He invited builder TransCanada Corp. to reapply for a permit denied by Barack Obama and ordered up fast-track rules forcing not only Keystone but also all new U.S. pipelines to be made from American steel. “From now on, we’re going to be making pipeline in the United States,” he said. 

Made-in-America Keystone was a stunt. Most of its pipes had already been manufactured, a fact the White House grudgingly admitted when it exempted the project from any new Buy American rules a few months later. While some of Keystone’s pipes were made in the U.S., at least a quarter of them came from a Russian steel company whose biggest shareholder is an oligarch and Trump family friend. The company, Evraz North America, supplied Keystone from its steel plants in Canada and for years has lobbied in Washington against Trump-style protectionism. 

Ten months after his Keystone event, Trump has yet to deliver on his pledge to boost the fortunes of American steel. Two self-imposed deadlines for trade action, one in June and one in July, have come and gone. Meanwhile, the prospect of tariffs has led to a surge of cheap foreign steel into the U.S., with imports rising 24 percent in 2017, the fastest increase in years.


Read more: https://www.bloomberg.com/news/articles/2017-10-25/under-trump-made-in-america-is-losing-out-to-russian-steel

oh my god buying Canadian steel to build a pipeline owned by a Canadian company that was already at the execution phase beofre Trump took office. Clearly more evidence Trumps really a russki.

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16 minutes ago, Angry ginger said:

oh my god buying Canadian steel to build a pipeline owned by a Canadian company that was already at the execution phase beofre Trump took office. Clearly more evidence Trumps really a russki.

did you read what you just replied to?

 

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While trump hasnt done shit for the steel industry like he promised  .....its fucking hilarious for MC to act like he cares now....after 8 years of Obama shitting all over the steel industry and allowing china to dump 10s of millions of tons of steel on our country. Truly....fuck you MC you partisan piece of shit 

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8 minutes ago, f7ben said:

While trump hasnt done shit for the steel industry like he promised  .....its fucking hilarious for MC to act like he cares now....after 8 years of Obama shitting all over the steel industry and allowing china to dump 10s of millions of tons of steel on our country. Truly....fuck you MC you partisan piece of shit 

Was just going to say, of all the replies in here, not one mentioned China, only Russia, until you just did.  :bc:

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Just now, hayward said:

Was just going to say, of all the replies in here, not one mentioned China, only Russia, until you just did.  :bc:

China is putting the brakes on what could be an incredible resurgence in american manufacturing......Trump promised to fix it and he hasnt done shit. Fuck him , fuck Obama too and fuck MC

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