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Stock impact report

Exclusive: In letter, U.S. steel firms urge Trump to curb steel imports 5:56pm EST [Reuters]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Reuters
Exclusive: In letter, U.S. steel firms urge Trump to curb steel imports | Reuters 3 Min Read WASHINGTON (Reuters) - The chief executives of top American steel companies and related groups urged President Donald Trump on Thursday to urgently impose trade measures to curb excess steel capacity and surging imports they say are undermining the U.S. industry. The American Iron and Steel Institute, or AISI, called on Trump in a letter to immediately act under “Section 232” of a 1962 U.S. trade law, which allows for restrictions to protect national security. ”We urge you to implement a remedy that is comprehensive and broad based, covering all major sources of steel imports and the full range of steel products, with only limited exceptions for products not currently available in the United States,” according to the letter seen by Reuters. Companies that signed the letter included Alton Steel, AK Steel Corp ( AKS.N ), Cleveland-Cliffs Inc ( CLF.N ), TimkenSteel Corp ( TKR.N ), Nucor Cor Show less Read more
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