United States Steel would like to accelerate its investments and hire back laid-off employees now that Donald Trump will be occupying the Oval Office, CEO Mario Longhi told CNBC on Wednesday. In addition, the belief that the U.S. economy can grow at least 3.5 percent also adds to what the company can do, Longhi noted. Shares of the Pittsburgh-based company have soared about 80 percent since Trump’s stunning victory on Nov. 8. Investors appear to be betting on increased infrastructure spending, which the president-elect has promised, as well as further restrictions on China-produced steel.
US Steel wants to accelerate investments, bring back jobs
