b'18American Journal ofTransportation ajot.comTariffs are main talking point at(DEALcontinued fromJoe Biden and, later, Demo-page 17) crat nominee Kamala Harris onclosureoridlingofUSalsoopposingitduringher Global Steel Dynamics ForumSteels existing US manufac- presidential campaign.that turing, etc.Burrittpointedout While the steel industry welcomed steel tariffs, some expressedWith the acquisition, Nipponunderthehistoricpartnership Steel estimates its annual crudeNippon Steel would invest over concern over rising prices and ports court steel industry. steel production capacity will$14 billion at US Steel mills in reach 86 million metric tons,Pennsylvania, Indiana, Arkan-By Manik Mehta, AJOT bringing it closer to its globalsas, Alabama and Minnesiota. strategic goal of 100 millionThatsmorethanallofthe Thetwo-daysteelconference,GlobalGlobal economic conditions, including inflationmetric tons per year. publiclytradedUSproduc-SteelDynamicsForum(GSDF)2025,wasand supply chain disruptions, could impact over- US Steels CEO Dave Bur- ersinvestedintheirfacilities held in New York amid the national debate onall steel prices and availability.ritt called the agreement final- last year.Well be better and steel tariffs.The conference, organized by theizationasamomentousdaybigger, Burritt said. AmericanIron&SteelTechnology(AIST)us s teelp rOduCerss uppOrtt arIff forourcountry,ourcommu- Investments would include and the World Steel Dynamics (WSD), had aI nCrease nities, and the American steelarevampofitsoldestblast large turnout of US and foreign steel produc- Unsurprisingly,USsteelproducersandindustry.PraisingPresidentfurnace,thereplacementof ers, suppliers of materials and services to theothersconnectedwithitgenerallysupportTrumps bold leadership, hea1930s-vintagehotstrip steelindustry,executivesofportshandlingTrumpslatest50%steeltariffsaimedatsaidAmericanworkershadmillandconstructionofa steel shipments, etc.protecting the domestic industry and jobs,secured the best possible deal. Greenfieldsteelmill.Bur-But the steel industrys 2025 outlook willwhilepreventingthedumpingofheavilyIndeed, the GSDF audi- rittaddedthatNipponSteel beinfluencedbytariffsandglobalmarketsubsidized steel produced with considerableencehadeagerlywaitedwould bring a lot of R&D and dynamics, as industry pundits predict.Tar- pollution in the US.tohearBurrittskeynotetechnologyinsteelmaking. iffs, now raised to 50% on imported steel, aimLourencoGoncalves,Cleveland-Cliffsspeechthe hall was packedWe are not just forging steel to protect domestic producers but can lead toInc.sCEO,defendingPresidentTrumpsintheafternoonofthelast we are forging Americas increased prices for consuming industries reli- 50%tariffsonsteelimports,saidthatthedayduringBurrittsratherfuture! he declared. ant on steel, one executive of a US companyhighertariffratewouldencourageCanadaemotionally-charged addressNipponSteelalsoplans using imported steel for its products repliedand Mexico to stop US-bound foreign steel- as he emphasized that thetosetupanewmillinthe when asked if his company would reduce ortransshipments.Nippon-US Steel partnershipU.S. through U.S. Steel, in an stop purchases of foreign steel. At the GSDF event, Goncalves recalledamplified and improved eachendeavor to close the gap on Indeed, effective June 4, tariffs on steelthatTrumpsprevioususeofSection232of the companies rather thanthe worlds steel leader China andaluminumimportsintotheU.S.havetariffs did not produce the desired outcome,aggregatingthem.ItwasBaowuSteelGroupCorp. doubled from 25% to 50% for all countrieswith foreign suppliers continuing to sell steelas if, as one participant toldHashimotoalsoreportedly except the UK. Foreign suppliers and domes- totheUSbyresortingtotransshipmentsme, Burritt was delivering asaid this in an interview with tic industries importing steel for their productsthrough Canada and Mexico, which togethervictoryspeechcontrast- the Asahi Shimbun that we face rising costs.withtheUSaremembersoftheUSMCAing with the somber mood incannotallowChineserivals President Donald Trumps tariffs on importedtradingbloc.Theincreasedtariffwouldwhich he had addressed thetocatchupincutting-edge steelhavegeneratedconsiderableuncertaintymake the trading partners act and, so far, itGSDFconferenceinJunetechnologies. Toward that end, among both foreign suppliers and US corpora- seems to be working.2024 when the deal suffered(DEALcontinued on tions that rely on foreign steel for their products.(TARIFFScontinued on page 20) setbacks with then Presidentpage 20)FLORIDAS BREAKBULKDISTRIBUTION HUBClosest port to Floridas largest and fastest growing market Expanding lumber, perishable, container, project cargo, and Nearly 500,000 SF of on-dock warehouse space and 7,000heavy-lift businesslinear feet of berth New and expanded container services with Central Floridas largest steel port America, South America, Mexico and AsiaFive post-Panamax gantry cranesWWW.PORTTB.COM'