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U.S. Steel Idles Plants, and Timing Couldn’t Be Worse for Trump

Mark O'Hara
U.S. Steel Idles Plants, and Timing Couldn’t Be Worse for Trump

Meanwhile, while U.S. Steel’s guidance spooked markets, the company also announced plant closures. U.S. Steel will be shutting two blast furnaces in the United States and one in Europe. U.S. Steel’s plant closure announcement couldn’t have come at a worse time for President Trump who started his 2020 campaign yesterday.