Chesterton Tribune



Steel trade group welcomes Trump tariff talk

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Thomas J. Gibson, president and CEO of the American Iron and Steel Institute (AISI), issued the following statement in response to President Trump’s comments on proposed steel and aluminum tariffs.

“We thank the president for meeting with our industry, and following through on his commitment to addressing the steel crisis. Foreign steel imports surged again in 2017--up 15 percent from the previous year and capturing 27 percent of the U.S. market. About one fourth of domestic steel capacity today is not being utilized. This is fueled by the massive excess steel capacity in the world today, which is more than eight times larger than the annual output of all U.S. steel producers, and driven by subsidies and other interventionist foreign government policies. That translates into idled plants and the loss of thousands of jobs. We are pleased that the president is addressing this issue and look forward to the formal announcement next week.”



Posted 3/2/2018






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