US steel industry booming after Trump's tariffs....

This is an Admin / Moderator NO GO ZONE. You're on your own.

Moderator: Team

Post Reply
1989TransAm
Guru
Guru
Posts: 9606
Joined: Thu Feb 15, 2007 8:43 pm
Location: Cypress, California

US steel industry booming after Trump's tariffs....

Post by 1989TransAm » Tue Dec 11, 2018 12:29 am

Two things. Made in the USA and strategic defense. :D

"U.S. steel mills have seen almost a 5 percent jump in shipments so far this year, a sign that it's benefiting from stiff 25 percent tariffs on imports the Trump administration imposed last year.
The American Iron and Steel Institute reported Monday that U.S. mills shipped 8.1 million tons in October, up 4.6 percent from the previous month and up 6 percent from the same period last year. So far this year, the industry has shipped 79.6 million net tons, 4.6 percent more than it had by this point last year.
AISI spokesman Jake Murphy told the Washington Examiner that domestic steel use has increased 1.4 percent so far in 2018, and that "Section 232 has played a crucial role as well," referring to section of trade law used by the Trump administration to justify the tariffs."

https://www.washingtonexaminer.com/poli ... ps-tariffs

Post Reply