NYT article on Vance’s rust belt hometown Middleton Ohio and its distressed steel mill. Just what we’ve been discussing!! It seems Biden’s infrastructure bill is giving $500 million to the mill for modernization. The mill is now owned by the nation’s #2 largest steel company Cleveland Cliffs. I’m not as current on…
NYT article on Vance’s rust belt hometown Middleton Ohio and its distressed steel mill. Just what we’ve been discussing!! It seems Biden’s infrastructure bill is giving $500 million to the mill for modernization. The mill is now owned by the nation’s #2 largest steel company Cleveland Cliffs. I’m not as current on status of the US industry as I used to be or should be, so am unaware of what the planned modernization entails. In my day Cleveland Cliffs had one mill—in Cleveland, of course, and it was among the more distressed and least modern companies. Recently I’ve noticed reports of the company’s rebirth of sorts, with it purchasing other small steel companies and gradually rising in rank for total US tonnage. Cleveland Cliffs is the US bidder for US Steel, and would acquire US Steel if the government disallows the purchase by Nippon Steel. Buy American, indeed. I will have to research where Cleveland Cliffs is getting its money from and the degree to which it has been modernizing and how the workforce has been affected….
https://www.nytimes.com/2024/07/16/us/jd-vance-middletown-ohio.html?unlocked_article_code=1.8U0.OLcJ.AOmMqmv5B1BP&smid=url-share
NYT article on Vance’s rust belt hometown Middleton Ohio and its distressed steel mill. Just what we’ve been discussing!! It seems Biden’s infrastructure bill is giving $500 million to the mill for modernization. The mill is now owned by the nation’s #2 largest steel company Cleveland Cliffs. I’m not as current on status of the US industry as I used to be or should be, so am unaware of what the planned modernization entails. In my day Cleveland Cliffs had one mill—in Cleveland, of course, and it was among the more distressed and least modern companies. Recently I’ve noticed reports of the company’s rebirth of sorts, with it purchasing other small steel companies and gradually rising in rank for total US tonnage. Cleveland Cliffs is the US bidder for US Steel, and would acquire US Steel if the government disallows the purchase by Nippon Steel. Buy American, indeed. I will have to research where Cleveland Cliffs is getting its money from and the degree to which it has been modernizing and how the workforce has been affected….