john in la
Well-known Member
A local steel mill and the adjoining scrap buyer announce to workers it was closing its doors one day and filed for bankruptcy the next day.
376 workers got walking papers and many local companies are left with unpaid unsecure loans.
The company has been pretty tight lipped on the reason for the closure.
Some are claiming union obligations as many of the workers of the 40 year old mill reach retirement.
Others are blaming import tariffs on scrap steel. (And here I thought we exported scrap steel)
Well there goes our steady supply of slag for driveways.
It is uncertain how this will effect the local price of scrap as it will have to be trucked out of town now.
376 workers got walking papers and many local companies are left with unpaid unsecure loans.
The company has been pretty tight lipped on the reason for the closure.
Some are claiming union obligations as many of the workers of the 40 year old mill reach retirement.
Others are blaming import tariffs on scrap steel. (And here I thought we exported scrap steel)
Well there goes our steady supply of slag for driveways.
It is uncertain how this will effect the local price of scrap as it will have to be trucked out of town now.