Friday, during remarks given at a rally announcing a "blockbuster agreement" that will allow Nippon Steel to invest in U.S. Steel in West Mifflin, Pa., President Donald Trump revealed that Alabama would be part of a $7 billion effort to upgrade facilities.
Remarks as follows:
There has never been a $14 billion investment in the history of the steel industry in the United States of America. And Pittsburgh will very soon be respected around the world as the Steel City again. So I want to congratulate you. I want to congratulate you. As part of this monumental commitment, Nippon will also invest $2.2 billion to increase steel production here in the Mon Valley works, specifically allocated to Mon Valley along with $200 million for the Advanced Technology Research and Development center that's being built already in Pennsylvania.
So I want to congratulate you. And in addition, another $7 billion to modernize steel mills, expand ore mines and build state of the art facilities in Indiana, Minnesota, Alabama and Arkansas. So I want to thank you and congratulations to those states. Congratulations and the bulk of these expenditures will be made in the next 14 months.
It's going to happen fast. You're going to be very busy watching trucks go back and forth, loaded up with cash, or its equivalent. And it will create and save over 100,000 American jobs, including 14,000 jobs in Pennsylvania. Thank you, very good. And by the way, your local union, I won't talk about your national union because I don't think he knows what the hell he's talking about.
Jeff Poor is the editor-in-chief of 1819 News and host of "The Jeff Poor Show," heard Monday-Friday, 9 a.m.-noon on Mobile's FM Talk 106.5. To connect or comment, email [email protected] or follow him on Twitter @jeff_poor.
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