If you like electricity, you are going to be happy to watch this video and read the accompanying article about Domestic Produced Steel.
A HUGE Win for the US, for the state of Texas and for the many Americans who are going to be employed going forward.
We need, desperately need, steel manufacturing to be done in the United States. For a plethora of reasons.
But reason number one is simply due to the fact that without electricity our economy shuts down. And we're going back to the stoneage.
Our electrical grid relies on STEEL, believe it or not.
Yet, most of the steel we use in the US for our large power transformers is produced...IN CHINA!
Not good.
But with the Trump tariffs coming into effect, there is a moement now to create more domestically-produced steel here in the US.
Yeah, the prices of the steel will go up. Indeed.
But for economic security, that is a price we should be very happy to pay.
https://youtu.be/PkAbeKlNqi0
https://www.reuters.com/article/us-jsw-steel-texas/indias-jsw-steel-to-invest-500-million-in-u-s-operations-idUSKBN1H20KY
