Cleveland-Cliffs Inc

Apr. 15 -- Lawmakers Urge President Trump to Preserve American Electrical Steel Industry

U.S. Representatives Mike Kelly (R-Pa.), Marcy Kaptur (D-Ohio) and Troy Balderson (R-Ohio) were joined by a bipartisan group of lawmakers to urge President Trump to address the unfair trade practices that are threatening AK Steel’s electrical steel business. AK Steel, a wholly owned subsidiary of Cleveland-Cliffs, is the last remaining producer of electrical steel in North America.

In the letter, the Representatives expressed concern that some bad actors are intentionally avoiding national security tariffs imposed on imports of grain-oriented electrical steel under Section 232. Cleveland-Cliffs CEO Lourenco Goncalves made clear to Secretary of Commerce, Wilbur Ross, that unless this circumvention is immediately addressed, the company will have no choice but to close AK Steel plants in Butler, PA and Zanesville, OH, which threatens more than 1,500 jobs and the security of America’s power grid.

The press release and letter can be read on U.S. Representative Kelly's website.

Cleveland-Cliffs CEO Testifies at Congressional Steel Caucus Hearing March 5, 2020

Cleveland-Cliffs Chairman, President and CEO Lourenco Goncalves was one of several executives who delivered testimony to the Congressional Steel Caucus today, impressing the need for a U.S. infrastructure plan and continued enforcement of trade policies to protect the American steel industry.

His testimony, as well as the testimonies of other participants, can be found on the website of the American Iron and Steel Institute.

200 Public Square, Suite 3300, Cleveland. OH 44114-2544 - Phone: 216-694-5700