As Go Autos, So Goes Steel

steel-mill

Two recent articles in the Detroit Free Press and Pittsburgh Post-Gazette point out, the steel industry has truly taken a beating in this recession.

According to the Free Press, “The steel industry has been hit hard by the recession and the automotive industry’s turmoil, prompting the United Steelworkers to become leading national advocates for federal support of the automotive industry.”

It continues, “U.S. steel plants are operating at 38% of capacity, and tire plants are operating at about 50% of capacity, said Leo Gerard, president of United Steelworkers.”

The union president told the newspaper, “When the auto industry went down, the steel mill industry went down.”

Sadly, the P-G even predicts this could result in permanent closure of mills that are now temporarily closed.

-KG

Leave a comment

Filed under Economic Development, Featured, U.S. Auto Industry

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s