Cleveland-Cliffs Applauds President Trump’s Actions to Address Imports of Laminations and Cores from Electrical Steel
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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Source: Business Wire
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today praised President Trump and his Administration for taking action to save 1,400 jobs at AK Steel’s Butler, Pennsylvania and Zanesville, Ohio operations. President Trump’s Administration will be moving forward with a Section 232 action implementing a remedy covering imported laminations and cores of Grain Oriented Electrical Steel (GOES). GOES is used in the production of electric transformers that support the power grid and equipment required by the U.S. military. In addition, the Administration will take action to address recently-granted Section 232 product exclusions for more than 40,000 tons of GOES greater than 920 mm wide from South Korea. The U.S. market only requires 1,400 tons of GOES in that width or greater.Imports of laminations and cores have surged into the United States since the imposition of steel Section 232 tariffs in 2018 as certain foreign and domestic companies sought to circumvent those steel
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CLF
Earnings
- 1/29/24 - Beat
CLF
Sec Filings
- 4/5/24 - Form 8-K
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- CLF's page on the SEC website