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Steelmaker That Praised Trump Tariffs Now Suing U.S. for Relief

  • Steel slab consumption in U.S. is 88% dependent on imports
  • JSW ‘going to have to bite the bullet’ on tariffs: Cosgrove
   
Photographer: Cole Burston/Bloomberg

Less than a year after JSW Steel (USA) Inc. lauded U.S. metal tariffs for aiding the steel industry, the company is suing because it’s not exempted from the levies.

The producer says the Commerce Department wrongfully denied waivers for steel-slab raw materials, forcing the steelmaker to pay tens of millions of dollars in tariffs. It relies on imports of these materials from India and Mexico because the U.S. doesn’t produce steel slab of sufficient quality or quantity, JSW said in its complaint.