The Briefing Room
General Category => Economy/Business => Topic started by: ABX on March 02, 2018, 09:35:46 pm
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There are about 6.5 million workers at manufacturers that use a lot of steel, but only 140,000 steelworkers, says Moody’s
President Donald Trump’s plan to impose tariffs on aluminum and steel imports is a near-term credit positive for steel producers, but it will hurt steel-consuming manufacturers and their workers, who greatly outnumber steelworkers, Moody’s Investors Service said Friday.
There are about 140,000 steelworkers in the U.S., according to the American Iron & Steel Institute, and about 6.5 million workers in steel-consuming manufacturers, Moody’s analysts wrote in reports published Friday......
https://www.marketwatch.com/story/trumps-tariffs-will-hurt-the-65-million-us-workers-at-steel-consuming-manufacturers-2018-03-02 (https://www.marketwatch.com/story/trumps-tariffs-will-hurt-the-65-million-us-workers-at-steel-consuming-manufacturers-2018-03-02)