[Marxism] U.S. Steel Companies Face Downturn Despite Trump Claims of Revival - The New York Times

Louis Proyect lnp3 at panix.com
Tue Jan 15 09:32:54 MST 2019


(Sounds like a confirmation of the falling rate of profit.)

Hiring in the steel sector remains stagnant, in part because new mills 
have become more reliant on automation. Even with the opening and 
restarting of several mills last year, direct steel industry employment 
was 146,300 as of November — 4 percent lower than it was four years ago, 
according to the American Iron and Steel Institute. Industry analysts 
estimate that steel companies made 50 announcements of plans for new 
mills and investments last year and that three dozen plants were built 
or restarted.

https://www.nytimes.com/2019/01/14/us/politics/steel-companies-trump.html



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