Cleveland-Cliffs Inc. (NYSE: CLF) announced that it will be hosting United States Trade Representative (USTR) Katherine Tai, Acting Secretary of Labor Julie Su, Congresswoman Chrissy Houlahan, together with the Director of District 10 of the United Steelworkers (USW) Bernie Hall, at its Coatesville, PA mill on Friday, October 11. This visit follows USTR’s recent final determination relating to increased Section 301 tariffs on imports of steel, electric vehicles and various manufacturing components from China.
USTR is also currently conducting a Section 301 investigation on the unfair trade practices of the Chinese shipbuilding sector in response to a petition filed by the USW and allied organized labor groups. Cleveland-Cliffs Coatesville specializes in the production of steel plate for military and commercial shipbuilding industries.
CEO Lourenco Goncalves stated, “It is our honor to host Ambassador Tai, Acting Secretary Su, and Congresswoman Houlahan at Cleveland-Cliffs Coatesville. We look forward to demonstrating the strong working partnership between Cleveland-Cliffs and the USW that enables the production of advanced steel plate demanded by the U.S. military, the commercial shipbuilding industry and numerous other critical infrastructure sectors. We expect that the upcoming visit will further strengthen the conviction of Ambassador Tai, Acting Secretary Su and Congresswoman Houlahan that critical manufacturing industries, such as steelmaking, are inextricably linked to our country’s economic stability and U.S. national security.”
CLF shares dipped 11 cents to $12.89.
