this post was submitted on 12 Mar 2025
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Why should they have any feelings? Now US steel will have less competition in US market. That's good for steel mill owners. Workers would just continue to work as earlier. Nothing has changed for them.
Things have changed in the past fifty years, though. The Rust Belt is called that for a reason. One doesn't just "ramp up production" and declare victory.
Of course some mine owners might make more money in the future, but others in the industry will be hurt by the recession. And even people who might make money need stability. It takes time to order expensive shit. And Trump flips on tariffs constantly. So investors are likely to proceed cautiously.
Increased costs could lead to lay offs
How many alts do you have?
I don't even know myself
What cost could increase in STEEL INDUSTRY? The steel industry just got rid of competitors.