Fortune reported that US President Donald Trump celebrated Steel
Dynamics’ plans to build a new mill in the US, a feat likely made
possible by the White House’s 25% import tax on steel implemented this
spring. Trump tweeted “Steel JOBS are coming back to America, just like I
predicted. Steel Dynamics announced that it will build a brand new 3
million ton steel mill in the America, just like I predicted.
Congratulations to Steel Dynamics!”
Steel Dynamics announced that it plans to invest up to USD 1.8 billion in creating a new mill with an annual production capacity of 450,000 tons, Fox Business reports. The new steel mill, set to begin production in 2020, could create work for 600 people.
Source : Fortune