Steelmakers are reviving shuttered steel mills and even looking to build a new one as 25 percent across-the-board tariffs strengthen the domestic steel industry.
Republic Steel and U.S. Steel both announced they would restart mills and bring steelworkers back to work. London-based Liberty House is reviving a steel mill ArcelorMittal closed in South Carolina. And Nucor, the largest steelmaker headquartered in the United States, announced plans to buy a micro mill in Florida.
U.S. Steel will bring back 500 jobs when it restarts one of the two idled blast furnaces at Granite City Works in Illinois, as well as associated steelmaking operations. Republic Steel announced the tariffs would allow it to restart its mill in Lorain, Ohio.