Local officials believe NLMK can weather tariff storm
News this week that the
But she said her primary concern is the potential effect on the community, especially in
"I'm focusing on the city of
Steel mill closures plunged
Moreira said she doesn't think the tariffs and the
"I"m hopeful," she said. "As chamber director, it's my job to be hopeful," she said.
City Manager
"The sky isn't falling. I have strong confidence in the management of the mill," Ceci said of NLMK's
The news of NLMK's rejection hit hard in the office of
Kelly said he had met with Commerce Secretary
"We knocked on every possible door we could have knocked on," Kelly said. "We made every call we could have made."
The five-term congressman said he thought NLMK made a compelling case that domestic steel manufacturers couldn't provide the volume of materials necessary for the plant's operations, and the
"We didn't feel we got the outcome we should have gotten," Kelly said.
He vowed to continue working in concert with Miller and other NLMK officials in the hopes of finding another avenue to avoid the tariffs, which have cost the company more than
Miller promised no immediate changes at the mill. But he said the ruling will require careful consideration going forward. He oversees the company's
The tariff program adds a 25 percent fee on steel imports from a number of countries, including
While Ceci didn't outline what his plans were if the mill fell into economic trouble, he said he was determined to prevent the city from entering Act 47 again.
"We just can't keep running to the state saying, 'We need more money,' " he said.
"My gut reaction is that they had such a great year last year I don't think we're in danger of the doors closing any time soon," Seitz said. "I think they'll ride this out and see where it takes them."
Still, he said, there are concerns.
A telltale sign of the company's financial ability and commitment to keep the
Announced last year, most of the investment is earmarked for the
The furnace can reheat slabs much faster and more economically than the mill's current technology. So far, Miller said the company has done only preliminary engineering work on the project.
"The million-dollar question you want answered is, 'Will they upgrade the facilities,' " Seitz said. "If they can't upgrade, it could push them out of the market."
___
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