Recession seems bad, but could be much worse

This MPR story by Bob Kelliher explains in real numbers how the recession is affecting the Iron Range mining and Duluth shipping economies. Two things seem apparent: It will get worse before it gets better and that it seems the various prospective companies and their investors are not pulling the plug on development for nonferrous mineral mining and the Nashwauk steel plant. As long as that remains true we should be able to avoid the desperate, woeful laments heard during the 2001-2002 steel industry consolidation.

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