What?

Us steel and metals stock has been trending upward for a while now. Abd are forecasted to do so for the next sever al years.

Even losses collect on dividents, its not that unusual?

Sure but Clariton is clearly broken again and they are causing a disaster while not obviously fixing the problem.

That’s not how it works. At all.

Lmao

They need to fix their scrubbers already. I am up to here with their casual approach to poisoning millions in Allegheny county.

Do you think the government or anyone will force them to not pay out a dividend? Lol

My thoughts exactly. They fixed it and then it breaks again and everyone ignores it

Ask and you shall receive. They are closing 3 coke batteries in 2023. Article from Next Pittsburgh https://go.shr.lc/3eGFzok

I'd rather they replace it with a more modern solution. I also find it wild that they get to continue at the current pollution level for another year potentially while they continue to polute at an actual dangerous level. When my car can't pass emissions I don't get to just keep driving it.

That all said I'm glad there might be some Improvement in the future

It is the old saying: "If you owe the bank a thousand dollars, it's your problem. If you owe the bank millions of dollars, it's the bank's problem." If the government forces US Steel to shut down the plant (even temporarily), there will be major backlash against the public officials who made it happen. The advertisements will write themselves, all they need is some B-roll of a struggling working class family who "had honest work until the government took that away from them." The companies hold all the power in this relationship.

On the other hand, nobody is going to make a super PAC to allow you to drive an out-of-spec car.

The audacity.

I mean in a better world they would be forced to reinvest in the plant at threat of bankruptcy. It's lunacy that a 70 year old coke battery is allowed to run without regular reconditioning and meeting pollution controls. They should have to fully fund the pension and retire anyone who gets fucked over by their being cheap

They also have the audacity to say "it is all in our heads" when the air fucking reeks on sulphur like satan's bunghole

They have an obligation to protect the environment they routinely fuck up. Economy is not worth the lifelong breathing problems the Allegheny county residents near the plant incurs.

But that has nothing to do with paying dividends to investors

Gotcha. I see what you mean.

They said early 2023 in their official statement. So not much longer now.

Also I would rather see the place imploded and US Steel forced to pay reparations to people who were forced to deal with this pollution our entire lives. I have no compassion for the people who work there, they choose greed over morality, no one held a gun to their heads and made them to work there, they choose their own path, and are usually complicit in spreading propaganda that makes the plant sound safer than it is to the misinformed. Zero sympathy for ecofascists and their sympathizers.

So many experts on reddit

Dividends come from profits. How the fuck are you paying out profits to investors when you have multi million dollar liabilities that need fixed. As far as I'm concerned they shouldn't be reporting a profit until this issue is fixed.

Oh yay you googled how dividends work

Coke plants are closing because scrap is now the preferred and more cost effective method.

A coke plant near us announced they were closing and it came as a shock, even to the employees. They had recently invested $300 million in the plant.

People lived all over Western Pennsylvania when the steel mills and chemical and coke plants were belching pollution and most of them lived to ripe old ages.

I have no sympathy for people who chose to live there. Why didn't they move?

LMAO did you just ask why an impoverished Mon Valley family can't move?

Where did anyone of repute say the scrubbers are broken, or speculated to be broken?

Obviously the scrubbers for H2S are broken... can you not smell how fucking bad it is? It is unacceptable in the 21st century to have smog at these levels.

There is a lot of US Steel dick-sucking in these comments. It is not hard in a civilized country to have a decent air quality. You can have both industry AND clean air, if US Steel actually gave a damn about the people of the Mon Valley.

Inversion conditions and increased production can easily explain the smell. Also there is no reason to get snappy with me, I am an environmentalist. The difference is, I believe what can be proven empirically, not rampant speculation with no supporting arguments.

Also no, I can't smell it, the inversion conditions are sending it away by changing the wind patterns from my area for once, and sparing us from the worst of it. Even though the increased emissions and atmospheric conditions cause it to not personally affect me, and it marginally affects me in normal conditions, I am still speaking out about it, and doing my part to help others.

I am a scientist, albeit not in meteorology. Inversions killed scores of folks in Donora and there should be a regulation that prohibits coking during an inversion. You can have your cake and eat it too. I hate the fact that some people label environmentalists as opposing industry black and white labeling makes no one win in the end.

Edit: I am sorry if I sounded rude. Just fed up with unnecessary pollution.

Same lol, I'm just a humble geographer who had to take a bunch of classes on environmental issues and it made me see the environmental injustice all around the area, and now I want to spread awareness about these issues.

I agree with you completely, that desperately needs to be a law. Industries should produce stuff in consideration of the community, although I always try to put the people first, and take a utilitarian approach of whatever is good for the most amount of people. If US Steel doesn't want to play nice, then they don't deserve to be a part of the community. They need us to work in their factory, more than the region needs them

I understand, knowing this sub, you probably thought I was some misinformed person making a drive by comment defending the production during these conditions. Sorry if my original comment was unclear in its tone. I heard speculation from environmental groups that the scrubbers could be broken again, so was trying to find out if anyone had proof to back it up.

Sorry again man for doing the same. Yeah I assume it is the scrubbers but I have not heard any official word on it. Hopefully somebody will join US Steel's board and overhaul its commitment to the community and environment.

I think the coke burning smells nice, but that does not mean anybody should be smelling and breathing it in.