BiblioArchives House Republicans pass on using American-made steel for Minnesota's public works projects.
Minnesota's lifeblood mining industry isn't in good shape right now. About 1,200 Iron Range workers are facing imminent layoffs as U.S. Steel prepares to idle three taconite mines next month.
The problem: China is flooding international markets with cheaply made steel to support its own burgeoning construction bubble. To make matters worse for Minnesota steelworkers, the Chinese government is using state subsidies to sustain the level of production that its workers need to avoid losing their own jobs. As a result, no one's shelling out for American-made steel. Just last week, global steel prices dropped to an all-time low.