Trump Trade War - Trump Touts Steel Dynamics Announcement

- Nov 30, 2018-

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


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