US Steel to hire 300 employees as the second of two blast furnaces have resumed

Stated on Tuesday by the US steel company that at its plant in Granite City, Illinois, near St. Louis, they are resuming the other one of the two blast furnaces. This will employ 300 workers to support the effort. 500 positions were occupied by fresh and returning employees when the company pronounced to restart their first furnace at the facility. According to the US Steel CEO David Burritt in a press release, reviewing watchful consideration of conditions of market and the demands by customers, along with the impact of Section 232, the reopening of the blast furnaces at Granite City Works will let us serve the rising demands of customers for high quality products smelted and poured in the US. The trade law regarding the concerns of national security threat by imposing tariffs on steel and aluminum in March, beseeched by Trump refers to Section 232.

Exemptions were granted in the beginning for few of its US allies, later in the last week slammed 25% tariffs on imports of steel and 10% on aluminum imports from Mexico, EU and Canada. While the three are striking back with their tariffs on US goods. The US steel found the move of imposing tariffs on steel and aluminum imports by Trump administration as good for business and has admired it. According to the data presented, this year around 38% of steel prices increased so far and since March 1, more than 13%. The shares of US steel have increased more than 5% this year.

• [Editor:janita]