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Under Trump, Made in America Is Losing Out to Russian Steel [Bloomberg Business News]

TRANSCANADA (TRP)  More Company Research Source: Bloomberg Business News
Last transcanada earnings: 4/27 07:30 am Check Earnings Report
US:NYSE Investor Relations: transcanada.com/en/investors
PDF Four days after his inauguration, Donald Trump signed a handful of executive memos to advance the Keystone XL pipeline and revive the U.S. steel industry. He invited builder TransCanada Corp. to reapply for a permit denied by Barack Obama and ordered up fast-track rules forcing not only Keystone but also all new U.S. pipelines to be made from American steel. “From now on, we’re going to be making pipeline in the United States,” he said. Made-in-America Keystone was a stunt. Most of its pipes had already been manufactured, a fact the White House grudgingly admitted when it exempted the project from any new Buy American rules a few months later. While some of Keystone’s pipes were made in the U.S., at least a quarter of them came from a Russian steel company whose biggest shareholder is an oligarch and Trump family friend. The company, Evraz North America , supplied Keystone from its steel plants in Canada and for years has lobbied in Washington against Trump-style pro [Read more]

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