Final Thoughts
Final Thoughts
Written by John Packard
September 15, 2013
While attending the ASD meeting in Cleveland last week, SMU reporter, Sandy Williams heard a steel service center discussing the impact of Obamacare on their company which is located in Ohio, “Because Obamacare healthcare and some of the laws, quite frankly, in the State of Ohio, we are now forced to go to temporary employees because we are at the 50 employee threshold. Up to three years ago our employees paid none of their health costs. Today they pay 15% of their health care costs. We want to hold them at 15%. We don’t want to overburden our employees with healthcare. The insurance companies have to be regulated, they have come to us because we have two employees with serious cancer problems and are threatening not to rate us, not to sell us.”
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Final Thoughts
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Final Thoughts
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Final Thoughts
t this point in the game I think what we can say about Nippon Steel’s proposed buy of Pittsburgh-based U.S. Steel is that it will go through, it won’t go through, or the outcome will be something new and completely unexpected. Then again, I’m probably still missing a few options.
Final Thoughts
President-elect Donald Trump continues to send shockwaves through the political establishment (again). And steel markets and ferrous scrap markets continue to be, well, anything but shocking. As the French writer Jean-Baptiste Alphonse Karr wrote in 1849, "The more things change, the more they stay the same." (I thought the quote might have been Yankees catcher Yogi Berra in 1949. Google taught me something new today.)
Final Thoughts
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