Steel shipments halved
Monday, July 20, 2009 By Aaron Brown
The Mesabi Daily News is reporting a 52 percent drop in steel shipments in May, more or less commensurate with declines in the automobile and manufacturing sectors. The Iron Range's taconite industry is a lagging indicator in this economic equation. Followed, of course, by unemployment ... the granddad lagging indicator.
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July 20, 2009 at 6:12 PM
How is that HOPE and CHANGE workin for ya?
July 20, 2009 at 6:43 PM
Back sportin' for a fight, eh K-Rod? God bless ya'
I'm not saying there isn't a political discussion buried somewhere in the price of steel, but the global financial crisis and collapse of steel demand are the obvious culprits -- both started, as you know, well before the election. Steel is a lagging market indicator, followed by unemployment.
July 20, 2009 at 7:04 PM
A fight? Nope, not me. I would hope we could put that Iron Range stereotype behind us, eh.
Yes, both started to decline before the election... and thanks to HOPE and CHANGE... looking like it might get as bad as...
Porkerstar was right for blasting Obama.
We have already hit $1 trillion deficit for the year with half to go. Where are all these stimuless projects? where are the new roads and bridge projects?
July 20, 2009 at 9:28 PM
I think you mean "commensurate with declines" not "commiserate."
July 20, 2009 at 9:59 PM
Damn your eyes.
commensurate, fine.