This week, U.S. Steel announced that it plans to re-open an idled plant in Keewatin, MN, and that an estimated 202 employees who were previously laid-off will get their jobs back.

The move was foreshadowed on CNBC's “Power Lunch” back in December, when U.S. Steel CEO Mario Longhi expressed optimism over potential new tax regulations and hinted that he'd be open to re-hiring laid-off employees:

"We already structured to do some things, but when you see in the near future improvement to the tax laws, improvements to regulation, those two things by themselves may be a significant driver to what we're going to do.

I'd be more than happy to bring back the employees we've been forced to lay off."

The re-opening of the plant comes on the heels of a great few months for the American steel industry—after recent layoffs of steel workers across the country.

The Bloomberg Americas Iron/Steel Index, which tracks the value of 15 steelmakers in North and South America, reported an 86% increase in 2016 — its largest jump since 2003.

Additionally, Bloomberg Americas Iron/Steel Index reported an 18% jump the week President-elect Donald Trump won the election.

American steel production was a common theme at Donald Trump's rallies during the presidential campaign.

Last September in Monessen, PA — not far from the Pittsburgh headquarters of U.S. Steel — Trump promised to “put American steel in the backbone of our country” and that steel would create “massive amounts of jobs.”

Trump also took a jab at Chinese steel in the second presidential debate in October:

“We have to bring back our workers. You take a look at what’s happening to steel and the cost of steel, and China dumping vast amounts of steel all over the United States, which essentially is killing our steel workers and our steel companies.”

In addition to the U.S. Steel move, it was a good month overall for American manufacturing.

President-elect Trump threatened General Motors on Tuesday morning over the company potentially moving production of the Chevrolet Cruze to Mexico. Later that day, the Ford Motor Company announced its plans to scrap a proposed Mexican production plant and stated that it will be adding 700 more employees to its Michigan-based manufacturing center.

Last month, President-elect Trump and Vice President-elect Mike Pence revealed the dealthey struck with Carrier Corporation — the HVAC company will add 1,000 jobs in Pence's home state of Indiana instead of moving jobs to Mexico.