Metals mixed on State of the Union address

Jan 29, 2014 | 05:32 PM | Jo Isenberg-O’Loughlin

Tags  State of the Union, President Obama, Thomas Gibson, Bob Weidner, Scott Paul, American Iron and Steel Institute, MSCI, AAM Jo Isenberg

President Obama visits U.S. Steel's plant in West Mifflin on Wednesday, January 29.
Photo:  MANDEL NGAN/AFP/Getty Images

NEW YORK — Expectations among the nation’s metals and manufacturing sectors that President Obama, in his fifth State of the Union address, would announce and set in motion a game plan targeting their shared objectives in the international trade, energy, tax, infrastructure and environmental arenas were modest at best. And they were met.

"I am cautiously optimistic about some of the goals the President talked about to grow manufacturing in the United States and encouraged to hear him talk about the importance of improving our infrastructure, enhancing energy policies and promoting fair trade," Thomas J. Gibson, president and chief executive officer of the American Iron and Steel Institute, said in a statement. "As I have said before, however, the devil will be in the details on how the administration is going to achieve our shared manufacturing goals."....

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