ArcelorMittal USA’s John Brett comments on Administration’s order to investigate the impact of steel imports on national security

04.20.2017

CHICAGO – April 20, 2017 – John Brett, president and CEO of ArcelorMittal USA, joined other steel industry executives at the White House today where an executive order was signed by President Donald Trump. This order will launch a “Section 232” national security investigation by the Department of Commerce to determine whether steel imports threaten our national security. 

“We very much appreciate the Administration’s decision to initiate and expedite the Section 232 investigation. ArcelorMittal USA is a proud supplier of American-made steel for national defense applications, from nuclear submarines and aircraft carriers to missiles and tanks," said Brett. "Additionally, the steel we produce for the energy and infrastructure markets is critical to our economic and national security. The global steel market is in crisis because of China’s excess steel capacity, and we welcome the Administration’s efforts to aggressively address this problem.” 

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 19 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks. 

Through our core values of sustainability, quality and leadership, we operate responsibly with respect to the health, safety and well-being of our employees, contractors and the communities in which we operate.

For us, steel is the fabric of life, as it is at the heart of the modern world from railways to cars and washing machines. We are actively researching and producing steel-based technologies and solutions that make many of the products and components people use in their everyday lives more energy efficient. 

We are one of the world’s five largest producers of iron ore and metallurgical coal. With a geographically diversified portfolio of iron ore and coal assets, we are strategically positioned to serve our network of steel plants and the external global market. While our steel operations are important customers, our supply to the external market is increasing as we grow. 

In 2016, ArcelorMittal had revenues of $56.8 billion and crude steel production of 90.8 million metric tons, while own iron ore production reached 55.2 million metric tons. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

For more information about ArcelorMittal please visit: corporate.arcelormittal.com or usa.arcelormittal.com.

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