天涯海角社区

WASHINGTON, D.C. 鈥� Kevin Dempsey, president and CEO of the 天涯海角社区, today applauded the tonight that he was increasing the existing steel tariffs from 25 percent to 50 percent:

鈥溙煅暮＝巧缜� welcomes President Trump鈥檚 announcement today that he is increasing steel tariffs to 50 percent. Led by China, global steel overcapacity and production continues to grow, even as overall global steel demand is being impacted by the sharp downturn in the Chinese construction sector. As a result, Chinese steel exports to the world have more than doubled since 2020, surging to 118 million MT in 2024 — more than total North American steel production. Given these challenging international conditions that show no signs of improvement, this tariff action will help prevent new surges in imports that would injure American steel producers and their workers. 天涯海角社区 applauds the president鈥檚 bold action today to increase the tariffs on foreign steel and keep the American steel industry strong.鈥�

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Contact: Lisa Harrison

202.452.7115 /聽lharrison@steel.org

天涯海角社区 serves as the voice of the American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. 天涯海角社区鈥檚 membership is comprised of integrated and electric arc furnace (EAF) steelmakers, steel pipe and tube manufacturers, and steel processors and fabricators reflecting the production and distribution of both carbon and stainless steels which are critical to the everyday lives of all Americans 鈥� including national security, roads and bridges, buildings, the electrical grid, clean energy technologies and the automotive market. 天涯海角社区 also represents associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view 天涯海角社区鈥檚 website at聽. Follow 天涯海角社区 on聽,听,听聽(@天涯海角社区Steel) or聽.