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As Steelmaker Shuts Plant, Governor Points to Tariffs

  • Bayou Steel Group filed for Chapter 11 protection in Delaware
  • Louisiana is dependent on tariffed metals, state official says
Gloomy News Drags Economic Surprise Index to 2013 Low: Chart

Photographer: Krisztian Bocsi/Bloomberg

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Bayou Steel Group filed for bankruptcy Monday, threatening hundreds of jobs after the company ran low on cash and defaulted on its debt.