ArcelorMittal USA secures tariffs of up to 94 percent

NWI Times

The U.S. International Trade Commission has determined imports of steel plates from Brazil, South Africa and Turkey have been hurting U.S. steelmakers, a decision that will result in tariffs of up to 94 percent.

ArcelorMittal USA, Nucor and SSAB from Lisle, Illinois, requested the tariffs on cut-to-length steel plates. The United States plans to impose tariffs as high as 50 percent on imports from Turkey, 74.52 percent on imports from Brazil and 94.14 percent on imports from South Africa.

The tariffs on carbon and alloy steel cut-to-length plate are meant to offset dumping, or when foreign countries sell steel for less than it's worth here with an eye toward gaining long-term market share.

Steel mills in Northwest Indiana make cut-to-length plate, which supports an estimated 4,591 jobs nationwide. U.S. steelmakers sold about $4.7 billion worth of the plate in 2015 while U.S. customers bought an estimated $5.8 billion worth of it, according to the International Trade Commission.

It's typically used in cranes, bulldozers, bridges, machine parts, light poles, railroad cars, ships, and electricity transmission towers. Brazil, South Africa and Turkey shipped an estimated $52.4 million worth of cut-to-length steel plates to the United States in 2015. A separate trade case is pending against other importers of cut-to-length plate.