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These Charts Show U.S. Threat From Foreign Steel Is Overblown

  • Report on risks from imports is due as early as this week
  • Defense industry accounts for just 3% of domestic steel demand
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Nucor CEO Encouraged by Trump's Steel Stance

President Donald Trump charged a couple months ago that a flood of cheap imported steel has not only cost American jobs, it also had national security implications. These charts show it’s not that clear cut for the latter.

The Commerce Department is expected to release as early as this week the results of its investigation into whether steel imports constitute such a threat. As the following charts show, however, only a smidgen of domestically produced steel is used by the military and to the defend the homeland. What’s more, much of what is shipped in across America’s borders and through its ports comes from U.S. allies.