“The steel companies are thriving again,” Trump said in a speech in Pennsylvania last week.
But they aren’t.
“U.S. Steel cut its earnings outlook earlier this year and has plans to reduce production at another plant in Indiana. Its shares are down 60 percent over the past year,” CNN reported on Friday. “Other big steel companies like Nucor and Steel Dynamics are forecasting lower profits, too.”
View the complete August 26 article by Oliver Willis on the National Memo website here.