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How Tariffs Have Affected Steel Production

How Tariffs Have Affected Steel Production

Are President Trump’s Efforts to Save Steel Worth the Pain? The Commerce Department is investigating whether some market participants are “illegitimately profiteering” after the Section 232 tariffs. The US steel industry’s capacity utilization rate is languishing below 75%, way below the 80% utilization rate the US Department of Commerce intended to achieve with the Section 232 tariffs.