In the steel industry you have some conflict between integrated steel mills and minimills which take scrap and turn it into steel. It is an arcane but nevertheless very real conflict. I called Dan DiMicco in California about this amendment. He has written me a letter saying they have no problem with it at all. In no way will they oppose this proposal. Nucor has long advocated consideration must be made for displaced steel workers or retirees in transition due to permanent plant closures. One of the reasons he is for this is a point I made earlier. This money does not go to companies. It does not go to integrated steel companies or minimills. It goes to human beings.
Jay Rockefeller: “In the steel industry you have some conflict between integrated steel mills and minimills which take scrap and turn it…”
Editor's note · Context
Discussing the impact of legislation on steel industry retirees and support from Nucor Corporation.
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