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U.S. Steel Imports Rose by 15% in 2017

(Joseph S. Pete – Northwest Indiana Times)

The year 2017 started with optimism that a new administration would crack down on the imports of foreign-made steel that have bedeviled the U.S. steel industry in recent years, a hopefulness that was strengthened by the launch of a Section 232 investigation into whether imports threatened national security.

But the promised crackdown never happened.

Instead, steel imports — already at historic levels — rose by 15 percent.

The American Iron and Steel Institute reported that the United States imported 38.1 million tons of steel last year, a 15.4 percent increase over 2016. That included 29.5 million tons of finished steel products, a 12.2 percent jump over 2016. Click here to read more.