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Stock impact report

Tariffs may mean more US steel jobs. Will there be workers to fill them? [Yahoo! Finance Canada]

Nucor Corporation (NUE) 
Last nucor corporation earnings: 4/28 08:00 am Check Earnings Report
US:NYSE Investor Relations: nucor.com/investor
But foreign competition - while a drag on steel prices - isn't the biggest challenge for steel companies around here. It's finding workers. Mississippi County's slogan is "The Land of Steel" and that's no exaggeration. Nearly a quarter of the 20,000 jobs in the county are in sprawling mills owned by Nucor and U.S. Steel and ancillary businesses like pipe makers and other metals processors that have flocked here to be close to them, according to Chmura Economics & Analytics, an economics analysis firm. Clif Chitwood, president of the Mississippi County Economic Development Foundation, estimates 9% of direct jobs in the steel mills are filled by workers who come from such great distances that they live in RVs or cheap apartments during the workweek. LONG SHIFTS, LONG COMMUTES "Many of these guys work four-day, 12-hour shifts - then have four days off - which make it possible for some to live five or six hours away," he said. Some even share temporary accommodation with workers Show less Read more
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