VP Harris Says We Will Offer Tax Credits For Expanding Good Steel And Iron Manufacturing Investment; Says She Wants To Prioritize Investments In Strengthening Factory And Retooling Existing Factories
Portfolio Pulse from Benzinga Newsdesk
Vice President Harris announced plans to offer tax credits to boost investments in steel and iron manufacturing. The initiative aims to prioritize strengthening and retooling factories.
September 25, 2024 | 8:04 pm
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US Steel (X) could benefit from new tax credits aimed at expanding steel manufacturing, potentially increasing investments and production capacity.
The announcement of tax credits for steel manufacturing directly benefits companies like US Steel, as it could lead to increased investments and production capacity, positively impacting their stock price.
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