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United States Steel Corp. Message Board

  • gregory03.alan gregory03.alan Dec 5, 2012 4:52 PM Flag

    Laying off 60 % at Mckeesport !!! Bullish ? Hardly !!!

    U.S. Steel lays off 142 in McKeesport
    Pittsburgh Business Times
    Date: Friday, November 30, 2012, 1:37pm EST - Last Modified: Friday, November 30, 2012, 3:25pm EST

    U.S. Steel Corp. is laying off 142 hourly employees, almost 60 percent of the workforce at its McKeesport Tubular Operations, due to the rising number of imports and a constant evaluation of business conditions, the company said Friday.

    Sentiment: Strong Sell

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    • While the Mindless Pumping Engels are here are thinking X tubular business is Sooooo Good ! Here is the real news as the workers are laid off !!! Sound like the tubular products are going like iPhones ? NO !!! Truth is demand is going down so is Institutional support by over 33% any of this sound Bullish ? A Buy Under on the other hand would solve X rising DEBT problems as they continue to LOSE $$$ thru their " Operations " sounds very familiar !!!!

      Sentiment: Strong Sell

    • The Mindless Pumpers here didn't see this one or comment because the TRUTH / FACTS about X are not Good !!! Its called Lack Of Demand for steel !!! Over production by the Chinese is spelling Big Trouble for X !!!

      Sentiment: Strong Sell

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