US Steel wants to increase investments and bring back jobs

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.

Longhi contends that corporate America is upbeat about Trump’s promises of less regulation.

“When you get into some situations where we’re being asked to control some substances in water that are far lower than what nature naturally offers, that’s irrational,” he said.

“There was a point in time in the past couple years that I was having to hire more lawyers to try to interpret these new regulations than I was hiring . . . engineers. That doesn’t make any sense.”

Indeed, it doesn’t.