SteelOrbis offers the latest independent steel news coverage compiled by its worldwide steel industry network. Approximately 25 fresh news articles on topics most prominently affecting the steel industry at large can be viewed on the steel news pages everyday in four different languages.
The Iron Range region of Minnesota is facing economic hardship as Cleveland-Cliffs announced temporary layoffs affecting 597 steelworkers at the Hibbing Taconite Company (HibTac) and the Minorca Mine. State officials confirmed the layoffs, which could become permanent by late May, are due to an oversupply of iron ore from . The news has prompted concern from Minnesota politicians, with Republican state Rep. Spencer Igo criticizing state and federal policies, while DFL state Sen. Grant Hauschild expressed solidarity with the affected workers. U.S. Sen. Tina Smith emphasized the broader impact of these job losses on the community and pointed to the Trump administration's tariffs as a contributing factor to the industry's instability. The layoffs will impact 255 jobs at HibTac and 342 jobs at Minorca, exacerbating concerns about the region's economic future.
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The letter, addressed to President Trump, expresses gratitude for his
February 10, , proclamation reinstating a 25% tariff on steel
imports. The letter, signed by CEOs from major steel corporations like
Nucor, Cleveland-Cliffs, and U.S. Steel Corporation, argues that Trump's
previous tariffs in led to significant reinvestment and
revitalization of the American steel industry. The authors urge the
President to resist requests for exceptions or exclusions to the tariff,
emphasizing that a strong domestic steel industry is vital for both
economic and national security reasons. They also criticize prior
negotiations and product-specific exclusions for weakening the
effectiveness of the original tariffs and exposing the U.S. steel
industry to global oversupply.