AK Steel employs 8,000 people in Ohio, Kentucky, Indiana, Pennsylvania, Michigan and Minnesota; the company has about 2,400 employees in Middletown and Butler County.
AK Steel is the only domestic supplier of electrical steel, a critical material used in the electrical grid. The electrical steel market has been volatile, with dumped and subsidized foreign imports nearly doubling in 2017 versus 2016, AK Steel CEO Roger Newport wrote in an opinion piece for this newspaper earlier this year.
“At AK Steel, we support President Trump for his bold recommendation that a global tariff on steel is necessary to defend our national security and combat the flood of imports that have been eroding America’s steel industry over several decades,” Newport said.
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“Conventional trade methods haven’t worked to address global over-capacity and foreign dumping. Unfortunately, we’ve seen that when you put a tariff on steel coming from one country, such as China, producers simply go around the law by routing the product through countries like Vietnam.”
Last year, foreign steel imports increased by 15 percent over the previous year, and captured 27 percent of the U.S. market share. Yet about one fourth of domestic steel capacity is not being utilized today, Newport said.
The entire New York Times report can be found
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