What worries the US steel industry?

Steel companies currently continue to make steel, facing an industry surplus. Their products are superior in price, and sometimes inferior in quality, to the rapidly growing manufacturers from China. This has become the reason why domestic consumers are increasingly looking to the East.

For US steel companies such as AK Steel or foreign ones with US operations such as ArcelorMittal, steel prices are very important. Therefore, a tough fight is going on in the United States against foreign companies selling steel at low prices on the US market, which has become the reason for anti-dumping measures to keep uncompetitive companies.

AK Steel and ArcelorMittal represent steel production in the United States, while the Novolipetsk plant in the United States imports steel plates, which it then uses to make steel products. But Steel Industries in California, a joint venture between a Japanese company and Brazilian Vale, does the same thing but supplies steel from Japan and South America.

At first glance, steel is still produced in the United States, which is more important than who owns the plant, in the end it gives Americans jobs. So why is there sentiment against Novolipetsk Iron and Steel, a foreign steel company with American subsidiaries in Pennsylvania and Indiana?

As long as production is carried out in factories in the USA, this steel is considered to be made in the USA, right? But for Novolipetsk Steel, which is a Russian company, this looks a little different and makes it a prime target, especially now that the United States is fighting over Ukraine.

In addition, Novolipetsk Combine and Steel Industries in California cannot apply for projects under the slogan “buy American”, but ArcelorMittal and AK Steel can. Foreign steelmakers are trying to change the rules, but the US steel industry is not happy with the idea. In this case, ArcelorMittal and AK Steel will face difficult times.