U.S. Should Punish Importers of Unfairly Traded Steel, Cliffs Says
- Penalties should even include jail time, says CEO Goncalves
- Largest U.S. iron-ore producer comments amid Trump steel probe
Cliffs CEO on U.S. Infrastructure and Iron Ore Market
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Cliffs Natural Resources Inc. wants the U.S. government to widen its investigation of unfairly traded steel shipments -- from the exporters to the importers.
Last month, President Donald Trump told the Commerce Department to expedite a study on whether steel imports are a U.S. threat to national security. While China has long been considered a prime target, Cliffs Chief Executive Officer Lourenco Goncalves says the probe shouldn’t overlook the part played by domestic steel importers.