Cleveland-Cliffs Inc, the largest merchant supplier of iron ore pellets to the US industry, issued the following statement regarding President Trump’s announcement of tariffs of 25% on steel imported to the USA.

Lourenco Goncalves, Cliffs’ Chairman, President and Chief Executive Officer, said, ”We applaud and thank President Trump for taking real action under Section 232 to punish thea perpetrators and enablers of unfairly traded steel. The 25% tariffs to be imposed next week will support our ability to continue to produce iron ore pellets and steel in our country, enhancing a vibrant manufacturing economy and our national security. Artificially cheap steel boosted by subsidies, dumping and circumvention are not signs of competitiveness; these are just signs of blatant disregard to real free trade and to our trade laws. Once free from these unfair practices, we will finally have a level playing field for steel in the US. Going forward, we expect that the Administration will fully enforce the announced actions, making sure that the offenders, particularly the enablers within our borders, will be treated as seriously as they deserve.”

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