WASHINGTON, D.C. – Thomas J. Gibson, president and CEO of the American Iron and Steel Institute (AISI), today applauded the announcement by the Department of Commerce (DOC) that the agency has initiated a Section 232 investigation into whether foreign imports of transformer laminations and cores, electrical transformers, and transformer regulators impair national security:
“Grain-oriented electrical steel is the essential component for electrical transformer laminations and cores and this investigation will be critical to ensuring our nation maintains a healthy and viable domestic electrical steel production capability. A reliable supply of electrical steel is necessary to maintain the nation’s power grid, which is key to our national security. Due to unfair foreign trade practices, AK Steel, a wholly owned subsidiary of Cleveland-Cliffs Inc. and an AISI member, is the only remaining producer of electrical steel in the U.S. The steel industry thanks Secretary Ross and the members of Congress who are working to ensure that America’s power grid does not become solely dependent on dumped and subsidized foreign steel.”
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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’s membership is comprised of integrated and electric furnace steelmakers, and 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).