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Apple warned earlier this month that holiday sales would miss Wall Street expectations due to weakness in emerging markets including India and foreign-exchange costs. Among other Apple suppliers in Asia, Hong Kong-based acoustic components maker AAC Technologies Holdings Inc (2018.HK) slumped more than 6 percent. South Korean electronic parts suppliers Samsung Electro-Mechanics Co Ltd (009150.KS), Apple’s supplier of multi-layer ceramic capacitors, dropped more than 5 percent, while LG Innotek Co Ltd (011070.KS) plunged 9.5 percent.

Apple said earlier this month it would stop giving the number of iPhones, iPads and Mac computers it sold in a quarter, a closely watched metric and a key indicator of the company’s success, The move led analysts to question the company’s business and its share price has ant-man 3 piece necktie gift set cufflinks since dropped 12.6 percent, “(This) indicates that the company itself is not confident about its performance at the moment,” said Park Jung-hoon, a fund manager at HDC Asset Management, which owns Samsung Electronics shares..

SEDALIA, Missouri (Reuters) - Nucor Corp, America’s largest steelmaker, planned a new plant in Sedalia, Missouri, long before U.S. President Donald Trump imposed tariffs to protect the industry – and it does not need them to make money. Although the firm helped lead the lobbying push for tariffs on imports, executives say they invested in Sedalia and two other sites to capitalize on an already profitable strategy that doesn’t depend on government help. While Trump has played up the narrative of downtrodden steel workers losing jobs to unscrupulous foreign competitors, most of the benefit from his 25 percent tariffs are flowing to the already strong bottom lines of Nucor and other modernized and globally competitive U.S. steel firms, according to interviews with industry executives, experts and a Reuters review of company earnings.

Even if tariffs prompt such firms to expand, they are not likely to add large numbers of factory jobs because they have stayed competitive by slashing the amount of labor required to make steel, The Commerce Department said in a statement to Reuters that tariffs will help the Sedalia plant and 12 other steel projects create about 3,405 jobs, That’s a 2.4 percent gain industrywide, according to the American Iron and Steel Institute, About 1,400 of those jobs at six projects, including the three Nucor sites, were planned before tariffs or do not rely on them, according to some of the firms and a Reuters review of company documents, In addition, two other projects by Republic Steel, which would create 690 jobs by restarting previously idled ant-man 3 piece necktie gift set cufflinks operations, are not certain to go forward, the company said..

A Commerce Department spokesman did not comment on whether all the projects on the administration’s list depended on tariffs but pointed out that steel imports have declined recently and domestic production has increased. The department said broad tariffs on imports were needed because of rampant “chicanery” by foreign producers who evaded existing countervailing and anti-dumping duties, which are applied narrowly to specific products. Nucor has led the sector’s transformation to labor-saving plants since the 1970s, replacing older blast furnaces with more efficient modern electric arc furnaces.

Trump’s tariffs may prove pivotal in extending the life of older, less efficient plants such as U.S, Steel’s Granite City plant near St, Louis, where the president held an event in July to tout tariffs, The company credits tariffs for its decision to add 800 jobs by restarting two blast furnaces it had idled in 2015, A total of 1,500 workers will now work in a factory where sparks fly and molten steel is still poured from giant ladles in a labor-intensive, multi-step process, At Nucor’s plant in Sedalia, by contrast, 225 people will make steel with a high-tech furnace that shoots electricity through scrap metal to melt it into new products, That technology is now used to produce ant-man 3 piece necktie gift set cufflinks nearly 70 percent of U.S, steel - with a third less labor and energy, according to Charles Bradford, president of Bradford Research Inc..

Nucor CEO John Ferriola testified in Washington last year that tariffs would encourage steel-sector investment, but he emphasized in a statement to Reuters that the company’s own capital projects are “designed to be competitive even without tariffs.”. Although Nucor’s expansions don’t depend on protectionist policy, a company spokesperson said, tariffs make such investments easier by limiting the dumping of artificially low-priced steel on the U.S. market. Nucor announced last month that it had nearly tripled its third-quarter profits, to $676.66 million, compared to a year ago. Earnings for steel companies in the S&P’s steel index soared more than 75 percent in the first half of 2018 and are expected to jump 166 percent in the second half, according to I/B/E/S data from Refinitiv.

Nucor has led the way in slashing labor costs with modern factories, a trend driving industry job loss as the hours of labor needed to produce a ton of steel has been cut from nearly 10 to two since 1980, according to the American Iron and Steel Institute, Nucor selected Sedalia because of its location on a main rail line, near ample scrap metal sources and major construction markets needing the plant’s steel rebar, Although the plant will create few jobs compared to steel factories of the past, the positions – with salaries averaging $65,000 - are highly coveted in Sedalia, where ant-man 3 piece necktie gift set cufflinks home values average $86,000 and 15 percent of adults have a college degree, according to U.S, census data..

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