this post was submitted on 21 Mar 2025
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Link is Cleveland cliffs closing 2 iron mines. Demand from Canada is a factor.

Nucor, US Steel, and Cleveland Cliffs have all forecasted bigger losses for next quarter despite the extortion pricing that tariffs give them. Narrative is that steel using US manufacturing will not take off as promised.

Canadian policy needs to make sure that damage is maximized.

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[–] Crashumbc@lemmy.world 7 points 1 day ago

From the land of duh... In the entire history of tariffs they have NEVER worked for their intended purpose.