Could Import Tariffs Help US Steelmakers Regain Market Share?
Although Donald Trump had resolved to protect the domestic US steel industry from the onslaught of subsidized imports, they rose in 2017. On multiple instances, US steelmakers (SLX) such as ArcelorMittal (MT), U.S. Steel Corporation (X), and Nucor (NUE) have urged the US administration to act on the Section 232 probe and end subsidized steel imports, which have been impacting their market share and pricing.