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RE: LeoThread 2025-12-03 03-27

in LeoFinance3 days ago

Part 3/15:

However, plans to transition to electric arc furnace technology, supported heavily by government funding, implied workforce reductions from the outset. The company openly stated that this shift would lead to layoffs, yet critics argue that the timing—right before Christmas—seems deliberately harsh, especially considering they had access to hundreds of millions in taxpayer money to potentially preserve jobs longer.

The Global Steel Market and Chinese Dumping