US: US Steel cites Trump in resuming construction project - PressFrom - US
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USUS Steel cites Trump in resuming construction project

00:05  12 february  2019
00:05  12 february  2019 Source:   msn.com

Butterfly conservationists face off with excavators at border wall construction site

Butterfly conservationists face off with excavators at border wall construction site As President Donald Trump prepares to sell Congress on the border wall at Tuesday's State of the Union, a butterfly conservation group is putting itself in the way of construction set to begin in Texas. Equipment for the construction of the first new miles of southern border wall approved since Trump took office has been staged in Texas' Rio Grande Valley region, a Customs and Border Protection official confirmed on Tuesday.

Of Trump ’s last three construction projects , the first to use Chinese steel was Trump International Hotel Las Vegas, which opened in 2008. For that project , Trump obtained loans from Deutsche Bank and three hedge funds that in turn used financing from George Soros, the business magnate

dumping of cheap foreign steel in the United States have costs thousands of Americans their jobs and has put the future and stability of the US steel industry at Meanwhile, a new report claims that Donald Trump has used cheap Chinese steel on two of the last three of his construction projects .

US Steel cites Trump in resuming construction project© Gene J. Puskar/AP BIRMINGHAM, Ala. — U.S. 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 (1.5 million metric tons).

Nielsen bypasses environmental rules, orders border wall construction in San Diego

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WASHINGTON — President Trump sharply changed the federal government’s approach to the environment on Tuesday as he cleared the way for two major oil pipelines that had been blocked, and set in motion a plan to curb regulations that slow other building projects .

“Supplier uncertainty leads us to be uncertain,” he says. “I think it’s going to be a big positive for those who make steel and aluminum in the United States . Steel and aluminum prices will also impact infrastructure projects . Khosa feels that the proposed tariffs will make it that much harder to pass an

U.S. 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.

The 16,000-member United Steelworkers praised the decision to resume work, which followed an agreement with the union reached last fall.

"This decision paves the way for a solid future in continuing to make steel in Alabama and the Birmingham region," Leo W. Gerard, the president of the international union, said in a statement.

U.S. Steel shut down its decades-old blast furnace at Fairfield Works in 2015, idling about 1,100 employees, and said it would replace the operation with an electric furnace.

The company then blamed conditions in the steel, oil and gas industries as it suspended work in December 2015 on an electric arc furnace at its mill in Fairfield, located just west of Birmingham. The project stalled until the announcement Monday.

'Finish the wall'? Facing failure, Trump tries rebranding

'Finish the wall'? Facing failure, Trump tries rebranding For President Donald Trump, chants and signs saying "Build the wall" are so 2016 - "Finish the wall" is his new rallying cry. Yet two years into his term, not one new mile of a barrier has been erected along the nearly 2,000-mile U.S.-Mexico border. At a rally in El Paso on Monday night, Trump went so far as to declare that nearby, just that day, "the big beautiful wall right on the Rio Grande" had gotten underway. In fact, some brush was cleared in anticipation of construction, according to a check with the Homeland Security Department.

We ’ll start with a comment Trump made about jobs in general. Boasting about job gains since he Another example frequently cited by Trump has been Fiat Chrysler, which announced on Jan. Since this one is already currently under construction , the steel is already literally sitting there; it would be

“ We can ill afford additional costs in the construction industry,” said Plaza Construction Group As of late last year, Tishman was in the market for a .5 billion construction loan for the project And Trump in late March announced he would temporarily suspend tariffs for Argentina, Australia, Brazil

U.S. Steel and other large U.S. steelmakers have benefited since the Trump administration began imposing 25 percent tariffs on imported steel in March of last year, largely because they were able to raise domestic steel prices. Other countries said the taxes break global trade rules, and some have imposed tariffs of their own.

Last year, shipments from U.S. steel producers increased 5 percent, and steel imports are down 37 percent since the tariffs took effect, said Lisa Harrison, spokeswoman for the American Iron and Steel Institute, a trade association. She attributed the changes to the tariffs as well as regulatory reform and a favorable economy.

But higher prices have hurt the bottom lines of steel industry customers. General Motors, for instance, said last week that steel and aluminum price increases due largely to the tariffs raised the prices of those commodities, costing the company more than $1 billion last year. GM expects another $1 billion increase this year.

U.S. Steel's revenue rose 19 percent last year compared with a year earlier, and it swung from a loss to a net profit of $387 million.

The company's stock hasn't fared as well. It started 2018 just over $37 per share, rose into the $40s but then largely fell and was trading around $22.65 on Monday.

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AP auto writer Tom Krisher in Detroit contributed to this report.

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An earlier version of this report had an incorrect spelling of Lisa Harrison's last name.

Work begins to replace layer of border wall in San Diego.
Construction has begun on the fifth border wall project of Donald Trump's presidency, replacing up to 14 miles of barrier in San Diego. U.S. Customs and Border Protection said Tuesday that the first panels are in place to replace a steel-mesh fence with steel bollards up to 30 feet high. Work began three days after Trump declared a national emergency to build his proposed border wall with Mexico. The American Civil Liberties Union on Tuesday filed the fourth legal challenge to the emergency declaration. Trump inherited barriers covering about one-third of the border.

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