Steel Mills
March 6, 2018
NLMK Execs Call Tariffs on Slabs Unfair
Written by John Packard
NLMK USA told Steel Market Update this afternoon that if the 25 percent tariff on steel, and specifically on steel slabs, goes into effect, the future of their company and the people who work for it is in jeopardy long term.
Steel Market Update spoke with Bob Miller, President of NLMK USA and Executive Vice President James Banker, Jr. Not only does a tariff on semi-finished steel threaten NLMK, it threatens the market with a shortage, as 15 percent of flat rolled sheet steel is produced from converted slabs. “Prices are going to go up and up. There is going to be a shortage of steel,” said the two executives.
