Nucor, Steel Dynamics CEOs Applaud Steel Tariffs, Look Toward Future
SUGAR LAND--April 20, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Steelmaker Nucor Corporation's (NYS:NUE) (Charlotte, North Carolina) Chief Executive Officer John Ferriola had a few words to say about the Trump administration's levying a 25% tariff on steel imports to the U.S. in the company's recent conference call. So did Mark Millett, the CEO of Steel Dynamics Incorporated (NASDAQ:STLD) (Fort Wayne, Indiana), which also reported earnings.
"What some people forget," said Ferriola, "is that 'free trade' does not mean 'free-for-all' trade. There are rules--rules that have been agreed to and adopted by all nations of the international trading community. It is critical that these agreements and the trade laws are rigorously enforced. Enforcing them ensures that everyone is playing by the same rules."
