(L-R) Roger Newport, CEO, AK Steel; John Ferriola, Chairman, CEO and President, Nucor Corporation; President Donald J. Trump; David B. Burritt, President and Chief Executive Officer, U.S. Steel; Tim Timken, Chairman, Chief Executive Officer, and President, TimkenSteel
(L-R) Roger Newport, CEO, AK Steel; John Ferriola, Chairman, CEO and President, Nucor Corporation; President Donald J. Trump; David B. Burritt, President and Chief Executive Officer, U.S. Steel; Tim Timken, Chairman, Chief Executive Officer, and President, TimkenSteel

AISI Comments on Section 232 Meeting

March 1, 2018

WASHINGTON, DC - Thomas J. Gibson, president and CEO of the American Iron and Steel Institute (AISI), issued the following statement in response to media inquiries regarding the president’s comments at the White House this afternoon after meeting with steel and aluminum CEOs:

“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.”

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Contact:

Lisa Harrison, AISI
202.452.7115 / lharrison@steel.org

AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 21 member companies, including integrated and electric furnace steelmakers, and approximately 120 associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI's website at www.steel.org. Follow AISI on Facebook or Twitter (@AISISteel).