The Congressional Steel Caucus met with steel company executives at an opportune time. The meeting took place in Washington shortly after U.S. Steel announced that it would be idling its Granite City plant, putting 2,080 employees out of work temporarily, starting in May. U.S. Rep. Mike Bost (R-Murphysboro) wants to know what that means. “I’m still trying to figure out what ‘temporarily’ is, and want to work to make sure that the temporary is a very, very short time,” he said.
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U.S. Steel boss Mario Longhi did not have a definite answer. “Unfortunately I cannot tell you what temporary means, but we believe in the future,” he said, noting that the company plans to continue its project, now two-thirds complete, to expand the Granite City plant.
The industry bosses complained about currency manipulation, imported steel being subsidized by foreign governments, and dumping, which is when an exporter sells into a market at below cost, to try to run competitors out of business.