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Continued tariffs will sustain ongoing growth of US steel sector: AISI
The sustained enforcement of steel tariffs under President Joe Biden is crucial for the US steel industry’s growth as it maintains ongoing reinvestment in domestic capacity, American Iron and Steel Institute CEO Kevin Dempsey said Feb. 2.
“As the US economy grows, if we don’t have the [Section 232 steel tariff] program in place, we are going to see a new surge in imports that is going to be devastating at a point when the industry is making significant new investments in new capacity and important improvements,” Dempsey told attendees during a virtual presentation for the Tampa Steel Conference.