The long-suffering U.S. steel industry applauded the Trump administration's announcement Thursday that it was opening an investigation into whether steel imports were hurting national security.
Steel Manufacturers Association President Philip K. Bell said it was "gratifying to see both steel companies and organized labor taking a solution-focused approach to address this issue."
"By invoking this portion of U.S. trade law, Section 232 of the Trade Expansion Act of 1962, to determine if imports of steel into the United States should be restricted on national security grounds, the president appears to be using every tool in his presidential toolkit to support 21st-century steelmaking," Bell said. The association represents 25 steelmakers that account for 75 percent of U.S. steel production.
Leo Gerard, president of the United Steelworkers union, said the investigation has the potential to "re-energize" domestic production, adding that it was "about time that action like this was initiated."
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