Steel Execs Give Trump Trade Policies High Praise

Earnings week for the steel industry revealed trade was foremost on the minds of steel executives. The steel mills expressed their approval of the administration’s tariff action that has boosted steel pricing and, along with higher demand, earnings for the second quarter of 2018.

• U.S. Steel Corp. CEO David Burritt was a strong advocate for the president and Section 232 tariffs. Said Burritt regarding President Trump: “He knows that this kind of unfairness should’ve been taken care of long ago. He’s got this. He’s with us and we’re going to do everything we can to support him because this is not just good for U.S. Steel. This is great for the United States of America. You’ve got to be able to make steel if you want to have a strong country and you want to have a strong manufacturing presence.”