U.S. steelmakers have collectively lost $3.6 billion over the past five years. They are getting slammed by imports from state-bankrolled foreign competitors that are so heavily subsidized they don't have to worry about turning a profit.
The core of a blast furnace can reach up to 3,000 degrees Fahrenheit, making it a fairly uninviting place to say the least.
An ArcelorMittal USA executive has been elected chairman of the steel industry's largest and oldest trade organization.
U.S. Rep. Pete Visclosky and Sen. Joe Donnelly testified before the U.S. International Trade Commission on Thursday in support of anti-dumping tariffs on hot-rolled steel products from China, India, Indonesia, Taiwan, Thailand and the Ukraine.
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