U.S. Steel could restore up to 10,000 U.S. jobs – CEO tells CNBC

Blue collar news, US Steel, American Steel, Manufacturing US
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During his election campaign, President-elect Donald Trump emphasized his desire to renegotiate trade deals and restore jobs, while also stressing for the next generation of production to happen in the United States, including “producing steel.”

U.S. Steel has cut jobs and idled plants in the country as it tried to keep a lid on costs to tackle a steep fall in steel prices due to a global surplus.Blue collar news, US Steel, American Steel, Manufacturing US

The company had about 21,000 employees in North America as of Dec. 31, down from about 28,000 in 2007.

“Market conditions will dictate if, when and how many employees we can recall,” a U.S. Steel spokeswoman told Reuters on Wednesday.

The steelmaker is hoping to accelerate its investments in the United States: Read More:

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