US Steel restarting Granite City Works in IL because of tariffs

Granite City Works will be restarted after announced tariffs on steel imports

This morning in metals news, Pittsburgh-based U.S. Steel announced it plans to restart a blast furnace facility in Illinois, Trump talks tough to European Union and Chile's trade surplus is powered by strong copper exports.

On the winning side of President Donald Trump's plans to impose a 25 percent tariff on imported steel are USA steel mills with excess capacity that can be restarted, albeit with a significant delay, to meet increased demand.

Bob Miller, chief executive officer of the USA operations of Novolipetsk Steel PAO NLMK.MM , knows exactly how his business and workers will be affected - and it is not good news.

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The United States Steel Corporation announced plans to reopen part of an IL factory following President Donald Trump's decision to impose a new tariff on imported steel, The Hill reported on Wednesday.

The blast furnaces and its steelmaking facilities have been idle for more than two years.

"Workers across the United States, especially those in steel towns like Granite City, have for too always been the victims of the illegal and unfair practices of our overseas trading partners, particularly China".

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Company leaders praised President Trump for his decision to increase competition among different companies, adding that steel imports threaten this country's economic and national security.

Higher U.S. tariffs on imported steel will mean more jobs at some American steel mills but raise the risk of layoffs at others, industry executives said on Wednesday. "We appreciate and thank the USW leadership and membership for their passionate efforts around the Section 232 investigation as well as in support of the restart process at Granite City Works".

A worker stands January 22, 2015, outside the U.S. Steel Corp. coke plant, part of the company's complex in Granite City, Ill.

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Simmons predicted the US-made steel will be competitively priced. The hot strip mill was restarted in February 2017 as the company adjusted its hot strip mill operating configuration to meet customer needs after deciding to accelerate the pace of its asset revitalization efforts.

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