Local Leaders Try To Save LTV - Cleveland 19 News Cleveland, OH

Local Leaders Try To Save LTV

CLEVELAND – With little time before the fate of thousands of steelworkers is decided, local leaders met to have a last-minute brainstorming session on what could be done to save LTV's integrated steel operations, 19/43 News reported.

The group, headed by U.S. Rep. Dennis Kucinich, gathered for a meeting of the minds to make some "last-minute plans" before a bankruptcy court judge issues a ruling on Tuesday. The judge will decide if LTV is allowed to shut down its mills, including one on Cleveland's east side and a coke plant in Warren.

U.S. Rep. Steven LaTourette said that he is encouraging the quick passage of an economic stimulus package that's currently being discussed on Capitol Hill. The package would provide some relief to the domestic steel industry.

"By next week, we can get this done and into law and help not only in the form of cash, but also in the form of making this loan happen for LTV Steel," LaTourette said.

The group also discussed a slew of other issues, including the dumping of foreign steel and its harsh effects on domestic companies like LTV.

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