Industry News

U.S. Steel Mills Don’t Need the Russian Oligarch’s Pig Iron

Views : 235
Update time : 2022-04-07 20:31:44

Regarding “U.S. Sanctions Oligarch, Exempts His Companies” (Page One, March 31): There is no necessity for pig iron or anything else that Russian oligarch Alisher Usmanov produces to be allowed to avoid U.S. sanctions. President Biden was brave enough to put sanctions on Russian oil, which affects gasoline prices in the U.S. It is hard to understand why the same principle isn’t applied to the enormously successful steel mills in the U.S. identified in your article.

There is no problem getting pig iron in the U.S. My company, Stelco , located in Ontario, has capacity of a million tons a year of pig iron, of which less than 10% is now being used. Two other major U.S. companies either produce or have announced the construction of production facilities for pig iron or a pig-iron substitute known as HBI (hot briquetted iron). Allowing sanctions avoidance is immoral and unnecessary for business purposes because there is plenty of untapped availability in North America.

Related News
Read More >>
Ball Corporation confirms US aluminium tariff impact on its Q1 2025 net earnings despite improved shipments Ball Corporation confirms US aluminium tariff impact on its Q1 2025 net earnings despite improved shipments
May .08.2025
Ball Corporation confirms US aluminium tariff impact on its Q1 2025 net earnings despite improved shipments
India proposes tariff reductions on US imports India proposes tariff reductions on US imports
May .08.2025
India proposes tariff reductions on US imports
ArcelorMittal & WOLF GmbH partner for low carbon-emissions steel in HVAC industry ArcelorMittal & WOLF GmbH partner for low carbon-emissions steel in HVAC industry
May .08.2025
ArcelorMittal & WOLF GmbH partner for low carbon-emissions steel in HVAC industry
India issues new quality control order on 17 categories of aluminum products India issues new quality control order on 17 categories of aluminum products
May .08.2025
India issues new quality control order on 17 categories of aluminum products